Pfizer (PFE) Q1 Earnings & Sales Top, EPS Guidance Raised

Pfizer (PFE) reported first-quarter 2024 adjusted earnings per share of 82 cents, which comfortably beat the Zacks Consensus Estimate of 56 cents per share. Earnings declined 33% year over year due to lower revenues.Revenues came in at $14.88 billion, down 20% from the year-ago quarter on a reported basis, reflecting an operational decline of 19% and a negative currency impact of 1%. Total revenues however beat the Zacks Consensus Estimate of$ 13.86 billion.The revenue decline, as expected, was due to a ste ...