Isn’t This Wonderful News (not)!!!

Merck 3Q Profit Jumps 62 Pct

TRENTON, N.J. (AP) — Merck & Co. posted a 62 percent increase in its third-quarter profit Monday, as the drugmaker’s revenues increased by double digits. It also boosted its full-year earnings forecast. Its shares rose more than 2 percent.

The Whitehouse Station, N.J.-based maker of osteoporosis treatment Fosamax and Singulair for asthma and allergies reported net income of $1.53 billion, or 70 cents per share, for the three months ended Sept. 30 up from $940.6 million, or 43 cents per share, a year earlier.

Revenues totaled $6.07 billion, up 12 percent from $5.4 billion a year ago.

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