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BREAKING: Pfizer Tops Q1 Expectations at 61% on #COVID19 Vaccine Sales

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#CoronavirusNewsDesk – Sales of Pfizer’s #COVID19 vaccine and treatment pushed the drugmaker well past expectations in the first quarter, as profit grew 61%.

The coronavirus vaccine Comirnaty brought in more than $13 billion in sales, and the treatment Paxlovid added another $1.5 billion as company revenue swelled 77%, the company said Tuesday.

Pfizer posted adjusted earnings of $1.62 per share in the first quarter, on $25.66 billion in revenue.

Analysts expected per-share earnings of $1.49 on about $24.1 billion in sales, according to FactSet.

Pfizer Inc., based in New York, also revised its 2022 earnings forecast to reflect an accounting policy change. It now expects adjusted earnings of $6.25 to $6.45 per share.

That’s down from its previous forecast for $6.35 to $6.55 per share.

Analysts forecast earnings of $7.14 per share.

Shares ticked slightly higher before the opening bell Thursday.

2022-05-03 11:07:38: [By The Associated Press] [Full Text]: https://t.me/associated_press_news/159416
Associated Press Top News AP, [May 3, 2022 at 12:09]

#AceNewsDesk report ………..Published: May.03: 2022:

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