Merck KGaA Beats Expectations, Guidance Cautious -- Market Talk
May 18 2017 - 1:39AM
Dow Jones News
0609 GMT - Merck KGaA's 1Q earnings figures beat estimates,
although its guidance remains too cautious, Frankfurt traders say.
While net profit fell 12% on the year, the chemicals and
pharmaceuticals firm's closely-watched earnings before interest,
taxes, depreciation and amortization before one-time items rose by
14.5%, due to a strong performance in the healthcare and life
sciences businesses. One Frankfurt trader says the figures are very
good at first glance; another says the company's 2017 outlook, for
sales and EBITDA around 2016 levels, is too conservative.
(william.wilkes@wsj.com, michael.denzin@wsj.com)
(END) Dow Jones Newswires
May 18, 2017 02:24 ET (06:24 GMT)
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