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Pfizer Q1 profit decreased

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

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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.

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