Pfizer Beats Profit Estimates on Strong Demand for New Drugs

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Pfizer Beats Profit Estimates on Strong Demand for New Drugs

Reuters2023-05-02

Pfizer Inc on Tuesday reported first-quarter profit that beat Wall Street estimates, as strong demand for its recently acquired products and pneumococcal vaccines helped offset the impact from declining sales of its COVID-19 products.

Excluding items, the U.S. drugmaker earned $1.23 per share for the quarter ended March 31, compared with estimates of 98 cents, according to Refinitiv estimates.

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