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Stock impact report

Pfizer sticks to forecast after first-quarter profit boost from Ibrance [Reuters]

Pfizer, Inc. (PFE) 
Last pfizer, inc. earnings: 4/28 06:45 am Check Earnings Report
Company Research Source: Reuters
Pfizer sticks to forecast after first-quarter profit boost from Ibrance (Reuters) - Pfizer Inc on Tuesday reiterated its 2020 forecast after posting a quarterly profit that exceeded estimates on higher sales of breast cancer drug Ibrance and blood thinner Eliquis. The largest U.S. drugmaker said it saw an increase in demand for its pneumonia vaccine Prevnar, some anti-infective products as well as certain sterile injectable products used in the treatment of severely sick COVID-19 patients. Overall Prevnar sales, however, fell 2.4%. The company’s shares rose 2% in premarket trading after it said it continues to see full-year earnings in the range $2.82 to $2.92 as it expects an improvement in disrupted business activity in the second half of the year. With a collaboration with Germany’s BioNTech, Pfizer is among the many drugmakers in the race to develop a vaccine to end the COVID-19 pandemic. The companies’ German trial is among the four studies worldwide to begin human testing of the Show less Read more
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