NEW YORK (AP) — NEW YORK (AP) — Pfizer Inc. (PFE) on Tuesday reported first-quarter earnings of $2.69 billion.
The New York-based company said it had profit of 47 cents per share. Earnings, adjusted for one-time gains and costs, came to 75 cents per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 71 cents per share.
The drugmaker posted revenue of $14.45 billion in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $13.82 billion.
Pfizer expects full-year earnings in the range of $2.80 to $3 per share, with revenue in the range of $59.5 billion to $62.5 billion.
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