Pfizer Earnings: Here’s Why the Stock is Healthier Today
Pfizer Inc. (NYSE:PFE) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 0.78%.
Pfizer Inc. Earnings Cheat Sheet
Results: Net income increased 337.8% to $6.3 billion (47 cents per diluted share) in the quarter versus a net gain of $1.44 billion in the year-earlier quarter.
Revenue: Decreased 10.01% to $15.07 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Pfizer Inc. reported adjusted net income of 47 cents per share. By that measure, the company beat the mean analyst estimate of $0.44. It beat the average revenue estimate of $14.37 billion.