Why Pfizer Stock Blasted More Than 6% Higher Today
Pfizer(PFE) The Motley Fool·2024-05-01 21:55A double beat on earnings, plus raised bottom-line guidance, made the company a hot item on Hump Day.Pfizer (PFE 6.09%) stock got a very effective shot in the arm on Wednesday. This was supplied by its latest earnings release, which saw the storied pharmaceutical company notch double beats on analyst estimates and provide encouraging guidance. The company's share price ended the day more than 6% higher, in contrast to the 0.3% slump of the S&P 500 index.The Covid effect not as damaging as fearedFor its firs ...