As I wrote in a comment this morning, earlier, I was a little too optimistic about currencies -- guessing a 7 per cent down bubble, when in fact they came in at. . . eight. So it goes -- it was simply a guess, afterall. Here is a bit from Merck's newly-increased fully year 2015 guidance -- which is truly welcome news. So -- all in all, a pretty solid Kenilworth quarter:
. . . .Merck has raised its full-year 2015 non-GAAP EPS range to be between $3.55 and $3.60, including a negative impact from foreign exchange. The range excludes acquisition- and divestiture-related costs, costs related to restructuring programs and certain other items. The company also has raised its full-year 2015 GAAP EPS range to be between $1.64 and $1.74.
At current exchange rates, the company now anticipates full-year 2015 revenues to be between $39.2 billion and $39.8 billion, including a negative impact from foreign exchange and approximately $1 billion of net lost sales from acquisitions and divestitures.
In addition, the company continues to expect full-year 2015 non-GAAP marketing and administrative expenses to be below 2014 levels and R&D expenses to be modestly above 2014 levels.
The company continues to anticipate its full-year 2015 non-GAAP tax rate will be in the range of 23 to 24 percent, not including a 2015 R&D tax credit. . . .
The above is likely what is driving MRK's NYSE share price increase today -- and for the record, BMS is up, proportionately more -- because (of course) Optivo contributes proportionately more, to BMS's overall results -- and it is, as I say -- pulling away. Onward!
