Pfizer Misses 4Q Profit Forecasts

Pfizer Inc. (PFE) on Tuesday reported fourth-quarter net income of $775 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the New York-based company said it had profit of 13 cents. Earnings, adjusted for non-recurring costs, were 47 cents per share.

The results fell short of Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 50 cents per share.

The drugmaker posted revenue of $13.63 billion in the period, beating Street forecasts. Five analysts surveyed by Zacks expected $13.55 billion.

Pfizer expects full-year earnings in the range of $2.50 to $2.60 per share, with revenue in the range of $52 billion to $54 billion.

Pfizer shares have declined almost 4 percent since the beginning of the year, while the Standard & Poor's 500 index has increased almost 2 percent. The stock has increased nearly 4 percent in the last 12 months.

——



Add Comment

all comments

  Other news

more
India climber body retrieved from Mount Everest

India climber body retrieved from Mount Everest..

28-May, 23:58

Rescuers have retrieved the body of an Indian mountaineer who died on...

Atomic-scale imaging improves dating of planetary events

Atomic-scale imaging improves dating of planetary events..

28-May, 21:11

Research led by the University of Portsmouth has identified a new way to...

Anthony Foster: The father who became a powerful advocate

Anthony Foster: The father who became a powerful advocate..

29-May, 10:56

Clutching a photo of two smiling girls, Anthony Foster last year...

Concrete for taller wind turbine towers passes tests, could help expand wind energy nationwide

Concrete for taller wind turbine towers passes tests, could help expand wind energy nationwide..

28-May, 21:12

That's wind country. The blue band runs east from the Rockies to just...

UK police release final man questioned in terror attack

UK police release final man questioned in terror attack..

01-Apr, 08:37

UK police say the final person being questioned in the March 22 terror...

Yang Nam Show Episode 4

Yang Nam Show Episode 4..

06-Mar, 04:30

The following Yang Nam Show Episode 4 English Sub has been released. Full...

Maksim and Valentin Chmerkovskiy struggled in America

Maksim and Valentin Chmerkovskiy struggled in America..

21-Apr, 11:42

Maksim and Valentin Chmerkovskiy may be fan favorites on the hit show...

Trump's Immigration Curbs No Surprise, Those Affected Say

Trump's Immigration Curbs No Surprise, Those Affected Say..

27-Jan, 21:26

Many citizens of Muslim-majority countries affected by President Donald...