Merck tops estimates on Keytruda strength and narrows profit outlook, as it lowers estimated tariff hit

News Brief

Summary

Merck reported strong Q3 earnings, beating estimates due to high demand for its cancer drug Keytruda. The company narrowed its full-year profit outlook, citing lower tariff costs and other factors. Keytruda sales exceeded $8 billion for the first time in a quarter. Merck is implementing cost-cutting measures and preparing for Keytruda’s patent expiration in 2028.

Key Points

  • Q3 adjusted EPS: $2.58 vs. $2.35 expected
  • Q3 revenue: $17.28B vs. $16.96B expected
  • Keytruda sales: $8.14B, up 10% year-over-year
  • 2025 adjusted EPS outlook narrowed to $8.93-$8.98
  • Cost reduction target: $3B by end of 2027
  • Gardasil sales down 24% due to lower demand in China
  • Animal health sales up 9% year-over-year

新闻简报

总结

默克公司第三季度业绩强劲,得益于其抗癌药物Keytruda的高需求,盈利超出预期。公司收窄了全年利润展望,反映了较低的关税成本估算及其他因素。Keytruda季度销售额首次超过80亿美元。默克正在实施成本削减措施,并为Keytruda在2028年的专利到期做准备。

关键点

  • 第三季度调整后每股收益:2.58美元,预期为2.35美元
  • 第三季度营收:172.8亿美元,预期为169.6亿美元
  • Keytruda销售额:81.4亿美元,同比增长10%
  • 2025年调整后每股收益展望收窄至8.93-8.98美元
  • 成本削减目标:到2027年底削减30亿美元
  • Gardasil销售额下降24%,主因中国需求疲软
  • 动物保健销售额同比增长9%

Original Article Link: https://www.cnbc.com/2025/10/30/merck-mrk-earnings-q3-2025.html

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