Pfizer Reports Mixed Quarter As Big Changes Loom

By | May 5, 2014

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Big pharma Pfizer missed first-quarter sales estimates Monday but beat on profit and affirmed guidance as analysts focused on the firm’s possible mergers and splits. The stock fell 2.5% to close at 29.98. Pfizer’s (PFE) 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 million. The company affirmed its previous Scalper1 News

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