$MRK Merck & Co Q2 Earnings
- Adj. loss/shr $0.13, est. loss/shr $0.23
- Loss/shr $0.54
- Sales $16.61B, est. $16.35B
- Keytruda rev. $8.37B, +5.2% y/y, est. $8.04B
- Gardasil rev. $1.17B, est. $1.12B
- Animal health sales $1.78B, est. $1.75B
- Adj. gross margin about 81%, saw about 82%
- YR adj. EPS view incl. $9B charges tied to Cidara deal
- YR adj. EPS view incl. $5.7B charges for Terns deal
- Sees FY adj. EPS $2.66 to $2.76, saw $5.04 to $5.16
- Sees FY sales $66.3B to $67.3B, saw $65.8B to $67B
- Boosts FY sales forecast