Merck 4th-quarter sales just miss Wall St estimate

Wed Feb 5, 2014 7:13am EST

Feb 5 (Reuters) - Merck & Co Inc reported lower sales, just below Wall Street estimates, hurt by competition from cheaper generic medicines.

The second-biggest U.S. drugmaker said on Wednesday it earned $781 million, or 26 cents per share, in the fourth quarter. That compared with $908 million, or 30 cents per share, in the year-earlier period.

Company revenue fell 4 percent to $11.32 billion. Wall Street was expecting $11.36 billion, according to Thomson Reuters I/B/E/S.