Merck third-quarter profit, revenue fall

NEW YORK (MarketWatch)
Merck & Co. said Monday its third-quarter profit fell to $1.12 billion, or 38 cents a share, from $1.73 billion, or 56 cents a share, in the year-ago period
The company said adjusted earnings edged down to 92 cents a share from 95 cents a share
Sales fell to $11.03 billion from $11.49 billion a year earlier
Analysts polled by FactSet had expected earnings of 87 cents a share on sales of $11.1 billion The company narrowed its 2013 adjusted per-share earnings guidance to between $3.48 and $3.52, from previous guidance of $3.45 to $3.55
Merck expects full-year earnings of between $1.61 and $1.79, from $1.58 to $1.82 previously