Monday, July 23, 2007

UPDATE 1-Merck profit jumps, raises forecast

(Reuters) - NEW YORK, July 23 - Merck & Co. said on Monday that quarterly earnings rose 12 percent on strong demand for its newer vaccines and medicines, and raised its 2007 profit forecast, sending its shares up 4 percent.



Second-quarter net income rose to $1.68 billion, or 77 cents per share, from $1.5 billion, or 69 cents per share, a year earlier.


Read more at Reuters.com Market News

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