Merck records higher Q2 revenue from cancer, hepatitis treatments

Merck reported an unexpected revenue increase in the second quarter due to the success of its cancer drug Keytruda and new hepatitis treatments.

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The Kenilworth, N.J.-based drugmaker posted sales of $314 million for Keytruda in the second quarter.

Merck’s new hepatitis C drug Zepatier reported sales of $112 million for the second quarter. The drug was approved by the Food and Drug administration last January.

Merck recorded a second quarter profit of $1.21 billion, or 43 cents a share, compared to $687 million, or 24 cents a share, in the same quarter the year prior.

Sales grew 0.6 percent to $9.84 billion this quarter, compared to $9.78 billion in the second quarter of 2015.

Merck now expects per-share adjusted earnings between $3.67 and $3.77 for the year with revenue between $39.1 billion and $40.1 billion. Thomson Reuters analysts had expected adjusted earnings of $3.72 a share and a revenue of $39.5 billion.

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