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-0.00036832412523026 -0.000736648250460389 -0.0022099447513813 -0.00147329650092078 -0.00331491712707182 -0.00313075506445675 0 0.00294659300184156
Stock impact report

Pfizer stock gains 7% after earnings beat, company calls dividend 'secure' [Yahoo! Finance]

Pfizer, Inc. (PFE) 
Last pfizer, inc. earnings: 4/28 06:45 am Check Earnings Report
Company Research Source: Yahoo! Finance
The company reported $14.9 billion in revenue, down 19% compared to last year. That beat Wall Street estimates of $13.9 billion by 6.9%. Without its COVID products, the company is up 11% with $12.5 billion in revenues. Despite the win, investors have cooled their enthusiasm for Pfizer in recent months. In addition to waning COVID product revenues, the company lacks a near-term potential blockbuster — making it a safe but unexciting bet. Pfizer's stock is trading near its 52-week low of $25 and is down 30% in the past year, much lower than its pandemic high of $58 per share at the end of 2021. CEO Albert Bourla has made several moves to bolster the pipeline, including the $43 billion Seagen acquisition, and continues to announce new product launches — all of which will take time to bear fruit. It's why investors, despite the boost to the stock, are wary. "We continue to see PFE shares as range bound in the near-term ... [and] we do not believe that COVID upside alone ... is Show less Read more
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