NEW YORK (AP) — NEW YORK (AP) — Pfizer Inc. (PFE) on Wednesday reported first-quarter net income of $3.12 billion.
The New York-based company said it had profit of 55 cents per share. Earnings, adjusted for non-recurring costs and to account for discontinued operations, were 82 cents per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 56 cents per share.
The drugmaker posted revenue of $14.88 billion in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $13.86 billion.
Pfizer expects full-year earnings in the range of $2.15 to $2.35 per share, with revenue in the range of $58.5 billion to $61.5 billion.
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