(Bloomberg) -- Merck & Co.'s shares may rise after the drugmaker forecast first-quarter earnings gained 13 percent, beating its own forecast and analysts' estimates.
Earnings rose to 78 cents a share, or 34 percent more than expected, Whitehouse Station, New Jersey-Merck said in a statement yesterday. Excluding costs from plant closings and job cuts, profit was 84 cents compared with a forecast range of 63 cents to 67 cents.
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