Time for a little good news from an industry that is continuously under attack from the slip-and-fall lawyer industry.
Merck & Co. (MRK) on Tuesday reported earnings that more than doubled in its second quarter, and topped analysts’ expectations.
- Earnings, adjusted for one-time gains and costs, were 85 cents per share.
- Merck shares have increased $7.92, or 16 percent, to $57.97 since the beginning of the year.
- The stock has climbed $9.63, or 20 percent, in the last 12 months.
What comes next is the attacks from the anti-capitalist Progressives, accusing Merck of evil doings. What they won’t say is that Merck merely followed the IRS tax code.