May 1, 2018 / 10:51 AM / in 20 days

Merck posts 52.5 percent fall in quarterly profit

May 1 (Reuters) - Drugmaker Merck & Co posted a 52.5 percent fall in first-quarter profit on Tuesday, hurt by hefty charge related to its collaboration with Eisai Co Ltd.

Net income fell to $736 million, or 27 cents per share, in the first quarter from $1.55 billion, or 56 cents per share, a year earlier.

Net revenue rose to $10.04 billion from $9.43 billion. (Reporting by Tamara Mathias in Bengaluru; Editing by Anil D’Silva)

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