Pfizer Q4 Adjusted EPS $0.10 Beats $(0.22) Estimate, Sales $14.25B Beat $14.21B Estimate
Portfolio Pulse from Benzinga Newsdesk
Pfizer Inc. (NYSE:PFE) reported Q4 earnings of $0.10 per share, surpassing the analyst consensus estimate of $(0.22) by 145.45%. However, this represents a 91.23% decrease from the $1.14 per share earned in the same quarter last year. Quarterly sales were $14.25 billion, slightly above the consensus estimate of $14.21 billion, but marked a 41.34% decrease from the $24.29 billion reported in the same period last year.
January 30, 2024 | 11:49 am
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Pfizer's Q4 earnings exceeded expectations, but showed significant declines from the previous year in both EPS and sales.
While Pfizer's earnings and sales beat estimates, the substantial year-over-year declines in both metrics may concern investors. The mixed results could lead to neutral short-term stock price movement as the market digests both the positive surprise in earnings and the negative trend in year-over-year performance.
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