Tuesday, January 30, 2018

Pfizer Q4 Results Beat Estimates; Issues Upbeat FY18 Outlook

Drug giant Pfizer Inc. on Tuesday reported a surge in profit for the fourth quarter from last year, primarily reflecting a lower effective tax rate due to the recent U.S. tax reform and and fewer impairment charges compared to last year. Both revenue and adjusted earnings per share for the quarter beat analysts' estimates and the company also forecast fiscal 2018 earnings above expectations.

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