Company News: Pfizer (PFE) quarterly earnings beat analysts’ expectations

Market news

1 May 2018

Company News: Pfizer (PFE) quarterly earnings beat analysts’ expectations

Pfizer (PFE) reported Q1 FY 2018 earnings of $0.77 per share (versus $0.69 in Q1 FY 2017), beating analysts' consensus estimate of $0.74.

The company's quarterly revenues amounted to $12.906 bln (+1.0% y/y), missing analysts' consensus estimate of $13.138 bln.

The company also reaffirmed its guidance for FY 2018, projecting EPS of $2.90-3.00 (versus analysts' consensus estimate of $2.95) at revenues of $53.5-55.5 bln (versus analysts' consensus estimate of $54.45 bln).

PFE fell to $35.98 (-1.72%) in pre-market trading.

Canada: GDP (m/m) , February 0.4% (forecast 0.3%)

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