Pfizer Stock Gets Boost From Better-Than-Expected Earnings
Pfizer(PFE) Investopedia·2024-05-01 17:46Key TakeawaysPfizer's stock rose Wednesday after first-quarter revenue and earnings fell less than expected.Revenue for Pfizer from non-COVID-related products offset some of the waning demand for vaccines and treatments against the virus.The company affirmed its revenue guidance for the year and boosted its profit outlook after committing to savings measures that could yield about $4 billion. Pfizer (PFE) shares rose Wednesday after first-quarter earnings and revenue fell less than expected, with the declin ...