Tuesday, August 2, 2016

Pfizer Q2 Profit Beats Estimates; Standalone Revenues Up 4%; Reaffirms Guidance

Pfizer Inc. (PFE) reported that its second-quarter adjusted net income increased 11 percent year-over-year to $3.90 billion. Adjusted earnings per share was $0.64 compared to $0.56. On average, 17 analysts polled by Thomson Reuters expected the company to report profit per share of $0.62 for the quarter. Analysts' estimates typically exclude special items. Reported net income decreased 23% year-over-year to $2.02 billion. EPS was $0.33 compared to $0.42.

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