{"id":5558,"date":"2013-02-14T13:25:59","date_gmt":"2013-02-14T17:25:59","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=5558"},"modified":"2013-02-14T13:25:59","modified_gmt":"2013-02-14T17:25:59","slug":"vef-devaluation-slashes-mercks-q1-forecast-wont-hurt-annual-eps","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/vef-devaluation-slashes-mercks-q1-forecast-wont-hurt-annual-eps-5558","title":{"rendered":"VEF Devaluation Slashes Merck\u2019s Q1 Forecast; Won\u2019t Hurt Annual EPS"},"content":{"rendered":"<p style=\"text-align: justify;\">Boston, MA 02\/14\/2013 (wallstreetpr) &#8211; Merck &amp; Co Inc., (NYSE:MRK) announced yesterday its Q1 profits per share will decline by 5 cents for the F.Y. 2013 due to the currency devaluation announced by the Venezuelan Government. This won\u2019t affect the full year outlook though, the company\u2019s statement said.<\/p>\n<p style=\"text-align: justify;\">The loss will arise as the New Jersey based company will have to re-measure its local balance sheet for the Venezuelan jurisdiction. The country has been designated as a hyper inflationary economy since 2010 after the government announced devaluation, 1 USD will cost 6.30 VEF (Bolivar Fuerte) previously 1USD was worth 4.30VEF.<\/p>\n<p style=\"text-align: justify;\">The company estimated its earnings forecast between 76 to 78 cents while analysts estimated EPS to go up as much as 86 cents.<\/p>\n<p style=\"text-align: justify;\">The shares of Merck &amp; Co Inc., (NYSE:MRK) were down by 0.68% and currently trading at $41.0.87.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Boston, MA 02\/14\/2013 (wallstreetpr) &#8211; Merck &amp; Co Inc., (NYSE:MRK) announced yesterday its Q1 profits per share will decline by 5 cents for the F.Y. [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":5559,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[265],"tags":[1683,1123],"stock_ticker":[],"class_list":["post-5558","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-international","tag-merck-co-inc-nysemrk","tag-nysemrk","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>VEF Devaluation Slashes Merck\u2019s Q1 Forecast; Won\u2019t Hurt Annual EPS  - Wall Street PR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cablemanpro.com\/wallstreetpr\/vef-devaluation-slashes-mercks-q1-forecast-wont-hurt-annual-eps-5558\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"VEF Devaluation Slashes Merck\u2019s Q1 Forecast; Won\u2019t Hurt Annual EPS  - Wall Street PR\" \/>\n<meta property=\"og:description\" content=\"Boston, MA 02\/14\/2013 (wallstreetpr) &#8211; Merck &amp; Co Inc., (NYSE:MRK) announced yesterday its Q1 profits per share will decline by 5 cents for the F.Y. 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