WHITEHOUSE STATION, N.J.--(BUSINESS WIRE)--July 24, 2006--Merck & Co., Inc. today announced that earnings per share (EPS) for the second quarter of 2006 were $0.73, excluding a net charge for site closures and position eliminations primarily associated with the global restructuring announced in November 2005. Including the impact of the net restructuring charge, reported EPS for the second quarter were $0.69 compared to $0.33 for the second quarter of 2005. Net income was $1,499.3 million, compared to $720.6 million in the second quarter of last year. EPS and net income for the second quarter of 2006 were negatively affected by a $296 million acquired research charge related to the GlycoFi, Inc. acquisition. EPS and net income for the second quarter of 2005 were negatively impacted by a net tax charge of $640 million primarily related to the repatriation of foreign earnings in accordance with the American Jobs Creation Act.
