Pfizer Inc. (PFE) announced earnings for first quarter that decreased from last year but beat the Street estimates.
The company's earnings came in at $3.12 billion, or $0.55 per share. This compares with $5.54 billion, or $0.97 per share, in last year's first quarter.
Excluding items, Pfizer Inc. reported adjusted earnings of $4.67 billion or $0.82 per share for the period.
Analysts on average had expected the company to earn $0.52 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 19.5% to $14.88 billion from $18.49 billion last year.
Pfizer Inc. earnings at a glance (GAAP) :
-Earnings (Q1): $3.12 Bln. vs. $5.54 Bln. last year.-EPS (Q1): $0.55 vs. $0.97 last year.-Revenue (Q1): $14.88 Bln vs. $18.49 Bln last year.
-Guidance:Full year EPS guidance: $2.15 - $2.35Full year revenue guidance: $58.5 - $61.5 Bln
For comments and feedback contact: editorial@rttnews.com
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.