Archive for October, 2013

Merck & Company Inc. (MRK) Reports Earnings

Merck & Co. today reported that its third-quarter profit plunged 35 percent because of competition from generic drugs, lower sales of its top-selling medicine, and restructuring and acquisition charges. Still, it beat profit expectations, but sharply lowered its own forecast for the full year, sending shares down. Merck said net income was $1.12 billion, or […]

Procter & Gamble (PG) Reports Earnings

Procter & Gamble (PG) reported fiscal first-quarter net income rose 8 percent as the world’s largest consumer products company sold more of its detergent and diapers globally and cut costs. Results were in line with analyst expectations and the company reaffirmed its 2014 forecast. Net income for the three months ended Sept. 30 after paying […]

Microsoft (MSFT) Reports Earnings

Microsoft Corp. (MSFT) reported quarterly revenue and earnings Thursday after the close that easily topped Wall Street forecasts, marking a healthy start to a company wide overhaul it announced in July that should help the software giant transform into a devices and services company. Microsoft’s net income in three months through Sept. 30 grew 17 […]