NEW YORK (AP) — NEW YORK (AP) — Pfizer Inc. (PFE) on Tuesday reported third-quarter profit of $3.54 billion.
On a per-share basis, the New York-based company said it had net income of 62 cents. Earnings, adjusted for one-time gains and costs, were 87 cents per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 66 cents per share.
The drugmaker posted revenue of $16.65 billion in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $16.6 billion.
Pfizer expects full-year earnings in the range of $3 to $3.15 per share, with revenue in the range of $61 billion to $64 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PFE at https://www.zacks.com/ap/PFE
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