Merck (NYSE: MRK) closed the latest trading day at $113.09, indicating a -1.43% change from the previous session's end. This change lagged the S&P 500's daily gain of 0.4%. Elsewhere, the Dow gained 0.62%, while the tech-heavy Nasdaq added 0.6%.
The pharmaceutical company's shares have seen a decrease of 2.27% over the last month, aligning with the Medical sector and falling behind the S&P 500's gain of 1.71%.
Market participants will be closely following the financial results of Merck in its upcoming release. The company plans to announce its earnings on October 31, 2024. The company is forecasted to report an EPS of $1.77, showcasing a 16.9% downward movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $16.48 billion, up 3.24% from the year-ago period.
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