Pfizer tops 2Q profit forecasts

Pfizer tops 2Q profit forecasts

By The Associated Press | Posted - Aug. 1, 2017 at 5:25 a.m.


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NEW YORK (AP) — Pfizer is reporting second-quarter profit of $3.07 billion.

The New York company had profit of 51 cents per share. Earnings, adjusted for one-time gains and costs, came to 67 cents per share, beating Wall Street expectations by 2 cents, according to a survey by Zacks Investment Research.

Revenue of $12.9 billion was just shy of analyst projections for revenue of $13.02 billion.

Pfizer expects full-year earnings in the range of $2.54 to $2.60 per share, with revenue in the range of $52 billion to $54 billion.

Shares of Pfizer Inc. have increased 2 percent this year.

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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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Keywords: Pfizer, Earnings Report, Priority Earnings

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