POST Online Media Lite Edition



 

Pfizer Q1 profit decreased

Christian Fernsby |
Pfizer reported a profit for first quarter that decreased from the same period last year.

Article continues below



Topics: PFIZER   

The company's earnings came in at $3.40 billion, or $0.61 per share. This compares with $3.88 billion, or $0.68 per share, in last year's first quarter.

Excluding items, Pfizer Inc. reported adjusted earnings of $4.51 billion or $0.80 per share for the period.

Analysts had expected the company to earn $0.73 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 8.3% to $12.03 billion from $13.12 billion last year.


What to read next

Pfizer updates guidance, expects diluted EPS to be $1.29-$1.38
Pfizer Q4 revenues down 9%
Pfizer Q4 net income up to $12.27 billion