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Merck's stock drops after earnings miss and decision to halt Gardasil shipments to China.
Merck & Co. provided FY25 earnings guidance with EPS of $8.88-$9.03 and revenue of $64.1-$65.6 billion, missing analyst estimates.
The company's stock fell due to weak guidance and a decision to halt Gardasil shipments to China to address excess inventory, impacting sales forecasts.
Despite these issues, Merck reported a 7% increase in fourth-quarter sales and a 19% rise in Keytruda sales.
The company also announced a $10 billion stock buyback plan and a quarterly dividend of $0.81 per share.
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Las acciones de Merck bajan después de perder ganancias y la decisión de detener los envíos de Gardasil a China.