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Pfizer Inc. Q2 adjusted earnings Beat Estimates

Pfizer Inc. (PFE) announced a profit for second quarter that declined from the same period last year.

The company's profit totaled $3.43 billion, or $0.61 per share. This compares with $5.05 billion, or $0.89 per share, in last year's second quarter.

Excluding items, Pfizer Inc. reported adjusted earnings of $4.40 billion or $0.78 per share for the period.

Analysts had expected the company to earn $0.66 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 11.0% to $11.80 billion from $13.26 billion last year.

Pfizer Inc. earnings at a glance:

-Earnings (Q2): $4.40 Bln. vs. $4.52 Bln. last year.
-EPS (Q2): $0.78 vs. $0.80 last year.
-Analysts Estimate: $0.66
-Revenue (Q2): $11.80 Bln vs. $13.26 Bln last year.

Full year EPS guidance: $2.85 to $2.95
Full year revenue guidance: $48.6 to $50.6 Bln

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