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Merck posts quarterly loss vs. year-ago profit
October 27, 2017 / 10:55 AM / in 25 days

Merck posts quarterly loss vs. year-ago profit

Oct 27 (Reuters) - Merck & Co reported a quarterly loss compared with a year-ago profit on Friday, hurt by a charge related to the formation of a collaboration with AstraZeneca Plc .

Net loss attributable to Merck was $56 million, or 2 cents per share, for the third quarter, compared with a year-ago profit of $2.18 billion, or 78 cents per share.

Sales fell to $10.33 billion from $10.54 billion. (Reporting by Manas Mishra in Bengaluru; Editing by Martina D‘Couto)

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