Pfizer $PFE Beats Earnings Estimates
By Kristoff De Turck - reviewed by Aldwin Keppens
Last update: Jul 30, 2024
Q2/24
Pfizer reported impressive second-quarter results, surpassing revenue and adjusted earnings expectations, thanks to effective cost-cutting strategies, better-than-anticipated sales of its Covid antiviral pill, Paxlovid, and robust non-Covid product sales.
Key highlights:
- Adjusted Earnings: Raised full-year guidance to $2.45-$2.65 per share, up from $2.15-$2.35.
- Revenue Forecast: Increased to $59.5-$62.5 billion, up from $58.5-$61.5 billion.
- Covid Products: Expected revenue includes $5 billion from the Covid vaccine and $3.5 billion from Paxlovid.
- Q2 Earnings: Adjusted EPS of 60 cents vs. 46 cents expected. Revenue of $13.28 billion vs. $12.96 billion expected.
- Non-Covid Growth: 14% increase in revenue excluding Covid products, driven by strong sales of Seagen’s cancer drugs and Pfizer’s Vyndaqel and Eliquis.
These results mark Pfizer’s first quarter of revenue growth since Q4 2022 and reflect its strategic efforts to stabilize business post-pandemic.
Charts
22.14
+0.1 (+0.45%)
Find more stocks in the Stock Screener
PFE Latest News and Analysis
21 hours ago - ChartmillThursday's session: most active stock in the S&P500 indexLooking for the most active S&P500 stocks in today's session? Join us as we dive into the US markets on Thursday and discover the stocks that are dominating the trading activity and setting the pace for the market.
3 days ago - ChartmillMost active S&P500 stocks in Tuesday's sessionStay informed about the most active S&P500 stocks in today's session as we take a closer look at what's happening on the US markets on Tuesday. Discover the stocks that are generating the highest trading volume and driving market activity.
4 days ago - ChartmillWhat's going on in today's session: S&P500 most active stocksExplore the S&P500 index on Monday and find out which stocks are the most active in today's session. Stay updated with the stocks that are capturing market interest.
7 days ago - ChartmillWhich S&P500 stocks are the most active on Friday?Looking for the most active stocks in the S&P500 index on Friday? Dive into today's session and discover the stocks that are dominating the trading activity and setting the pace for the market.
8 days ago - ChartmillWhat's going on in today's session: S&P500 most active stocksLet's have a look at what is happening on the US markets on Thursday. Below you can find the most active S&P500 stocks in today's session.
9 days ago - ChartmillMost active S&P500 stocks in Wednesday's sessionStay informed about the most active stocks in the S&P500 index on Wednesday's session. Discover the stocks that are generating the highest trading volume and driving market activity.
9 days ago - ChartmillStay updated with the S&P500 stocks that are on the move in today's pre-market session.Before the opening bell on Wednesday, let's take a glimpse of the US markets and explore the S&P500 top gainers and losers in today's pre-market session.
10 days ago - ChartmillMost active S&P500 stocks in Tuesday's sessionExplore the S&P500 index on Tuesday and find out which stocks are the most active in today's session. Stay updated with the stocks that are capturing market interest and driving market movements.
11 days ago - ChartmillStay informed about the most active stocks in the S&P500 index on Monday's session.Looking for the most active stocks in the S&P500 index on Monday? Dive into today's session and discover the stocks that are dominating the trading activity and setting the pace for the market.
14 days ago - ChartmillWhat's going on in today's session: S&P500 most active stocksLooking for the most active S&P500 stocks in today's session? Join us as we dive into the US markets on Friday and discover the stocks that are dominating the trading activity and setting the pace for the market.
17 days ago - ChartmillCurious about the most active S&P500 stocks in today's session?Curious about the most active S&P500 stocks in today's session? Join us as we explore the US markets on Tuesday and uncover the stocks that are leading the way in terms of trading volume and market attention.
17 days ago - ChartmillExploring the top movers within the S&P500 index during today's session.Uncover the latest developments among S&P500 stocks in today's session. Stay tuned to the S&P500 index's top gainers and losers on Tuesday.
