Merck Q3 net income increases

Mon. October 26, 2009; Posted: 05:00 AM

Oct 26, 2009 (Datamonitor via COMTEX) -- MRK | Quote | Chart | News | PowerRating -- Merck & Co has reported a net income attributable to the company of $3.42 billion, or $1.61 per diluted share, for the third quarter ended September 30, 2009, compared to $1.09 billion, or $0.51 per diluted share, for the third quarter ended September 30, 2008.

Total sales were $6.05 billion for the third quarter of 2009, compared to $5.94 billion for the same quarter of 2008.

Net income attributable to the company for the nine months ended September 30, 2009 was $6.40 billion, or $3.03 per diluted share, compared to $6.16 billion, or $2.85 per diluted share, for the nine months ended September 30, 2008.

Total sales were $17.33 billion for the nine months ended September 30, 2009, compared to $17.82 billion for the prior-year period.

Richard Clark, chairman, president and CEO of Merck, said: "Growth of key products, Januvia, Janumet, Isentress and Singulair, plus continued expense management allowed Merck to deliver strong third quarter results. While focused on the day-to-day business priorities that are fundamental to our success, we're also primed for our pending merger with Schering-Plough, and the benefits it will bring to patients around the world."

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For full details on Merck & Co (MRK) click here. Merck & Co (MRK) has Short Term PowerRatings of 5. Details on Merck & Co (MRK) Short Term PowerRatings is available at This Link.

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