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Germany's Merck Raises Earnings Growth Guidance, But Turns Cautious on Sales

Germany's Merck Raises Earnings Growth Guidance, But Turns Cautious on Sales

Germany's Merck MRK -2.18%decrease; red down pointing triangle KGaA raised its full-year guidance for growth in underlying earnings, thanks to better prospects for its life-sciences and healthcare segments, but turned more cautious on sales.
The life-sciences and chemicals group said Thursday that it now expects organic growth in earnings before interest, taxes, depreciation and amortization excluding exceptional items—its preferred profit metric—of 4% to 8% this year, up from its prior expectations of 2% to 7%. Cost discipline across the group also contributed to the increase, it said.
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