Updated
Updated · Bloomberg · May 5
Pfizer beats first-quarter sales estimates as older drugs offset Covid decline
Updated
Updated · Bloomberg · May 5

Pfizer beats first-quarter sales estimates as older drugs offset Covid decline

11 articles · Updated · Bloomberg · May 5
  • The drugmaker posted $14.5 billion in revenue, above Wall Street's $13.8 billion forecast, and adjusted earnings of 75 cents a share, topping the 73-cent estimate.
  • Demand for blood thinner Eliquis and cancer drug Padcev helped counter falling sales from Covid-related products, extending the company's stronger-than-expected quarterly performance.
  • Earlier on Tuesday, Pfizer also reaffirmed its 2026 outlook, saying newer and acquired products were supporting growth as it navigates the continued fade in pandemic-era revenues.
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