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Stock impact report

Pfizer said sales of Eliquis, hospital products rose in Q1 on COVID-19 demand [MarketWatch]

Pfizer, Inc. (PFE) 
Last pfizer, inc. earnings: 4/28 06:45 am Check Earnings Report
Company Research Source: MarketWatch
Shares of Pfizer Inc. gained 2.0% in premarket trading on Tuesday after the drugmaker beat expectations for the first quarter. The company had net earnings of $3.4 billion, or 60 cents a share, in the quarter, down from $3.9 billion, or 61 cents per share, in the first quarter of last year. Adjusted per-share earnings came to 80 cents, compared with the FactSet consensus of 73 cents. Pfizer reported $12.0 billion in revenue in the first months of the year, down 8% from the $13.1 billion it reported in the same quarter a year ago. The FactSet consensus was for $11.8 billion. The company said it had a $150 million lift in the quarter that can be attributed to an 11% increase in global sales of its hospital products (some of which are used to intubate and support patients on mechanical ventilators) and a 29% jump in sales of its blood-thinner Eliquis, which was driven by COVID-19-related wholesaler purchases. It also restarted some clinical trials and launched new studies in late April a Show less Read more
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