Pfizer Inc PFE released its results for the second quarter on Tuesday.
Pfizer's quarterly profit surged to $2.61 billion, or $0.33 per share, from $2.48 billion, or $0.31 per share, in the year-earlier period. Its adjusted profit came in at $0.60 per share. Pfizer's revenue declined to $17 billion from $17.1 billion. However, analysts were expecting earnings of $0.59 per share on revenue of $17 billion.
Pfizer continues to expect adjusted 2011 profit of $2.16 to $2.26 per share, versus analysts' estimates of $2.25 per share. It still projects to repurchase between $5 billion and $7 billion of its common stock this year.
Pfizer shares dropped 1.10% to $18.80 in pre-market trading.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in