Merck profit jumps, raises forecast
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Merck & Co. on Monday said second-quarter earnings rose on higher sales of its new vaccines and medicines, and the company raised its 2007 profit forecast amid continuing strong demand for the medicines.
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Stocks rose on Monday as stronger-than-expected profits in the pharmaceutical sector and news of a takeover in the oil services industry fueled a rebound from Friday's sell-off.
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Aetna Inc. AET.N on Thursday posted a  steep rise in quarterly profit as the health insurer boosted  its forecast for the rest of this year and gave a 2005 profit  estimate above analysts' views, pushing shares up 5 percent.
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Drugmakers Merck & Co.  and Schering-Plough Corp.  reported second-quarter results that handily topped Wall Street expectations on Monday, helped by increased sales of the cholesterol-lowering drugs they co-market and other medicines.
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Shares of drugmaker Merck & Co. Inc.  traded 1.52 percent higher on volume of more than 61,000 shares in pre-market dealings on Friday, a day after the stock plunged to an eight-year low after the company withdrew its arthritis drug Vioxx.
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Merck & Co.  on Wednesday stood  by its forecast of flat earnings for 2006 and projected  slightly higher 2007 results, in line with Wall Street  expectations, as the drugmaker grapples with generic  competition for a number of its medicines.
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NEW YORK  - Washington Post Co.  said on Friday that quarterly profit jumped, boosted by results at its Kaplan education unit and television broadcasting operations.
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Eli Lilly posted better-than-expected second-quarter earnings, helped by surging sales of its prescription drugs, and the company raised its 2007 profit forecast.
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Washington Post Co. (WPO.N: Quote, Profile, Research) said on Friday that quarterly profit jumped, beating analysts&#39; forecasts, boosted by results at its Kaplan education unit and television broadcasting operations.
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NEW YORK/GROTON, Connecticut  - Pfizer Inc.  raised its 2006 profit forecast on Thursday and said its roster of experimental drugs in late-stage testing could triple by 2009, sending its shares higher.
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Merck released a forecast for first-quarter profit well above analystsâ expectations, and also increased its forecast for 2007.
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FedEx Corp. (FDX.N) on Monday raised its earnings forecast for the fiscal first quarter and full year, citing strong demand for its international express, ground and less-than-truckload services.
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The printer maker also predicted better-than-expected first quarter earnings, sending shares up.
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FedEx Corp., the world&#39;s top air-express shipper, said Thursday quarterly profit more than tripled on strength in its international, ground and freight businesses, and the company raised its full-year earnings forecast.
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The drug maker said net income rose 6 percent to $926.3 million and it raised its outlook for the year.
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Merck & Co  on Monday said its  third-quarter profit rose sharply, helped by sales of its  vaccines and cholesterol drugs, and raised its 2007 profit  forecast in view of strong current trends.
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U.S. drug benefit manager Medco Health Solutions Inc.  on Wednesday reported a higher-than-expected quarterly profit on strong demand for mail-delivered generic medicines and raised its 2007 outlook, sending its shares up more than 11 percent to an all-time high.