Company News: Pfizer (PFE) reported better than expected EPS and revenue

Market news

28 July 2015

Company News: Pfizer (PFE) reported better than expected EPS and revenue

Company reported Q2 profit of $0.56 per share versus $0.52 consensus. Revenues fell 7.2% year/year to $11.85 bln versus $11.42 bln consensus.

Company raised EPS guidance for FY15 to $2.01-2.07 from $1.95-2.05 versus $2.06 consensus. Revenue guidance raised to $45-46 bln from $44-46 bln versus $45.96 bln consensus.

PFE rose to $35.03 (+2.01%) on the premarket.

Company News: Merck (MRK) issued FY15 EPS guidance above consensus

Canada: Industrial Product Price Index, y/y, June -0.9%

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