Comment on Pfizer tops Street 2Q forecasts

Pfizer tops Street 2Q forecasts

NEW YORK (AP) — Pfizer Inc. (PFE) on Tuesday reported second-quarter net income of $2.63 billion. The New York-based company said it had profit of 42 cents per share. Earnings, adjusted for one-time gains and costs, were 56 cents per share. The results beat Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 51 cents per share. The drugmaker posted revenue of $11.85 billion in the period, which also beat Street forecasts.

 

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