Pfizer Beats Sales Estimates on Demand for Its Older Drugs

Reuters2022-11-01

Nov 1 (Reuters) - Pfizer Inc beat estimates for quarterly sales on Tuesday, as strong demand for older drugs helped offset lower demand for its COVID-19 products in international markets.

Pfizer reported third-quarter sales of $22.60 billion, beating the average analyst estimate of $21.04 billion, according to IBES data from Refinitiv.

Pfizer shares gained 2.3% in premarket trading.

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