Tuesday, October 23, 2007

Merck tops expectations, Schering misses (AP)

The Schering-Plough Corp., headquarters is shown in Kenilworth, N.J., in this Sept. 6, 2006, file photo. Schering-Plough Corp. said Monday its third-quarter profit more than doubled on hefty acquisition-related gains, but adjusted profit and sales fell shy of Wall Street expectations. (AP Photo/Mel Evans, file)AP - Pharmaceutical companies Schering-Plough Corp. and Merck & Co. posted strong sales Monday from their joint venture on cholesterol drugs, but otherwise their third-quarter earnings reports — and investor reaction — were strikingly different.


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