Pfizer's reported net income declines 44% in Q1 2024 [Yahoo! Finance]
Pfizer, Inc. (PFE)
Last pfizer, inc. earnings: 4/28 06:45 am
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Source: Yahoo! Finance
The pharmaceutical giant's reported diluted earnings per share (EPS) fell by 44% to $0.55 in Q1 2024 from $0.97 in Q1 2023. The company's revenues for the quarter totalled $14.87bn, a 20% decrease from $18.48bn in the previous year's corresponding quarter, with a year-on-year operational decline of $3.5bn (19%). This was due to a substantial drop in global revenues from the Covid-19 therapies, Comirnaty and Paxlovid. Foreign exchange rates also negatively impacted revenues by $107m (1%). Excluding the contributions from Covid-19 treatments, Pfizer's revenues stood at $12.5bn, an operational increase of 11% or $1.2bn compared to the same quarter of the previous year. Pfizer chairman and CEO Dr Albert Bourla stated: “We delivered strong performance in our non-Covid product portfolio in the first quarter of 2024, including increased revenue from several of our recent commercial launches and acquired products, as well as robust year-on-year growth for several key in-line brands,
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PFE
Earnings
- 5/1/24 - Beat
PFE
Sec Filings
- 5/16/24 - Form 4
- 5/16/24 - Form 4
- 5/9/24 - Form S-8
- PFE's page on the SEC website