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Pfizer Inc. Q1 Profit Increases, beats estimates

Pfizer Inc. (PFE) announced a profit for its first quarter that increased from the same period last year and beat the Street estimates.

The company's earnings totaled $7.86 billion, or $1.37 per share. This compares with $4.88 billion, or $0.86 per share, in last year's first quarter.

Excluding items, Pfizer Inc. reported adjusted earnings of $9.34 billion or $1.62 per share for the period.

Analysts on average had expected the company to earn $1.47 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 76.7% to $25.66 billion from $14.52 billion last year.

Pfizer Inc. earnings at a glance (GAAP) :

-Earnings (Q1): $7.86 Bln. vs. $4.88 Bln. last year.
-EPS (Q1): $1.37 vs. $0.86 last year.
-Analyst Estimate: $1.47
-Revenue (Q1): $25.66 Bln vs. $14.52 Bln last year.

-Guidance:
Full year EPS guidance: Adj; $6.25 - $6.45
Full year revenue guidance: $98.0 - $102.0 Bln

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