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Pfizer Finds a Foothold After a Solid Q1 2024 Earnings Report
PFEPfizer(PFE) MarketBeat·2024-05-06 10:10

Key PointsPfizer continues to see COVID-19 revenues plummet as Paxlovid revenues dropped 50% and Comirnaty revenues dropped 88% YoY.Despite a 19.5% drop in YoY Q1 2024 revenues, its non-COVID drugs added 12.5billiontoquarterlyrevenues,andoncologyproductrevenuesrose1112.5 billion to quarterly revenues, and oncology product revenues rose 11% YoY.Pfizer raised its 2024 EPS estimates to 2.15 to 2.35,upfromitspreviousforecastof2.35, up from its previous forecast of 2.05 to 2.24versus2.24 versus 2.21 consensus estimates.5 stocks we like better than PfizerBiopharma giant Pfizer Inc. NYSE: PFE has given back all ...