Pfizer Reports Earnings; Stock Eyes 10th-Straight Monthly Loss

Pfizer Inc (NYSE:PFE) entered the earnings ring before the bell this morning, announcing fourth-quarter earnings of 10 cents per share, which is higher than analysts' anticipated losses of 22 cents. Meanwhile, revenue of $14.25 billion came in lower than the expected $14.42 billion. In regard to 2024, the pharmaceutical giant reaffirmed its forecast. Pfizer stock has erased its earlier gains, currently down 1.7% at $27.02. The stock ran up to recent pressure at its 20-day moving average before the reversal, ...