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Table: EPS watch
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Monday, November 19, 2012
At least four companies reported earnings last week. Merck
KGaA (Xetra:MRK) was essentially unchanged for the week despite beating the
Street's EPS and revenue estimates. On Thursday, the company gained 1%
following its earnings release in which it also announced raising its 2012
revenue guidance, saying it "expects the markets for pharmaceuticals as
well as over-the-counter drugs to grow, driven by volumes in emerging markets."
The Euro Stoxx 50, a measure of blue chip eurozone stocks, was off 2% last week
on continued concerns related to the region's debt crisis. Chinese supplier Wuxi
PharmaTech Inc. (NYSE:WX) was up 7% after beating
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