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Pfizer Turns To Profit In Q4; Raises FY Profit View

Pfizer Inc. (PFE) reported a profit for the fourth-quarter compared to a loss in the prior year. Quarterly revenues increased 12 percent from the prior-year quarter.

The company raised its fiscal year 2021 adjusted earnings per share outlook to a range of $3.10-$3.20 from the prior estimation of $3.00 - $3.10, due primarily to additional refinements of its COVID-19 vaccine revenue forecast. Analysts expect annual earnings of $3.19 per share.

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by RTTNews Staff Writer

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