NEW YORK ( Trefis) -- Merck (MRK) recently declared its results for the first quarter. A lot happened during this quarter that can potentially impact the company's ongoing business. During this period, it reported uniform growth across all segments with better cost control and gains from certain nonrecurring items ensured net earnings jump of nearly 67% from $1.07 billion to $1.77 billion.The noteworthy nonrecurring items were $500 million gain related to resolution of the arbitration proceedings with Johnson & Johnson (JNJ) and $134 million gain on sale of certain manufacturing assets. If we analyze the results excluding the nonrecurring items and restructuring costs, the results are still encouraging with almost 9.1% growth in earnings compared to same period last year.
Merck Worth $41 on Solid Growth, Cost Controls
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