Pfizer Q1 Sales Miss Estimates As Key Drugs Falter

By | May 5, 2014

Scalper1 News

In a recurring theme for big pharma this earnings season, Pfizer’s (PFE) Q1 sales missed Wall Street’s expectations, but the company controlled expenses well enough to beat on the bottom line. Its stock slid more than 2% on the stock market today. Pfizer’s Q1 earnings totaled 57 cents a share, up 12% from the year-earlier quarter and beating analysts’ consensus by 2 cents. Sales declined 9% to $11.35 billion, missing consensus by about $750 Scalper1 News

Scalper1 News