Pfizer tops estimates, raises profit guidance even as sales fall
Government
Pfizer on Thursday reported third-quarter earnings and revenue that topped estimates and hiked its full-year profit guidance, as cost cuts helped to outweigh declining sales for the period. The pharmaceutical giant now expects its full-year adjusted profit to come in between $3 and $3.15 per share, up from a previous guidance of $2.90 to $3.10 per share. Pfizer said that reflects its "solid" performance for the year, "continued confidence in our business" and progress with reducing costs, among
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