NEW YORK (AP) — NEW YORK (AP) — Pfizer Inc. (PFE) on Tuesday reported a loss of $1.65 billion in its fourth quarter.
On a per-share basis, the New York-based company said it had a loss of 29 cents. Earnings, adjusted for one-time gains and costs, were 66 cents per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 57 cents per share.
The drugmaker posted revenue of $17.56 billion in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $16.84 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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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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