Merck Sees Profit Below Estimates

NEW YORK ( TheStreet) -- Merck ( MRK) said it expects first-quarter non-GAAP earnings of 95 cents to 98 cents a share as it will be unfavorably impacted by the euro exchange rate by about 1% or 2%.

Analysts expect earnings of $1.01 a share.

Merck also re-affirmed previous guidance on Tuesday that it expects 2012 full-year non-GAAP earnings per share of between $3.75 and $3.85. Analysts, on average, expects earnings per share of $3.81.

-- Written by Alexandra Zendrian

>To contact the writer of this article, click here: Alexandra Zendrian

>To submit a news tip, send an email to: tips@thestreet.com.

>To follow the writer on Twitter, go to Alexandra Zendrian.

More from Investing

Worth a Stunning $6.6 Trillion, Tech Stocks Have Taken Over the Market

Worth a Stunning $6.6 Trillion, Tech Stocks Have Taken Over the Market

Second-Quarter Earnings on Track for Massive Growth, So Relax Wall Street

Second-Quarter Earnings on Track for Massive Growth, So Relax Wall Street

Here's Why Snap Shares Are Climbing Monday

Here's Why Snap Shares Are Climbing Monday

Jim Cramer's Investing Rule 12: Cash Is for Winners

Jim Cramer's Investing Rule 12: Cash Is for Winners

Video: Here's Where to Put Your Money Amid Trade War Fears

Video: Here's Where to Put Your Money Amid Trade War Fears