Pfizer Q3 Earnings: Revenue And Profit Beat On Heightened Demand For Paxlovid, Expects $10 Billion In 2024 Revenue From COVID Products
Portfolio Pulse from Vandana Singh
Pfizer reported strong Q3 earnings with a significant increase in revenue and profit, driven by high demand for its COVID-19 products, Paxlovid and Comirnaty. The company raised its 2024 revenue and EPS guidance, expecting $10 billion from COVID products.
October 29, 2024 | 12:01 pm
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Pfizer's Q3 earnings exceeded expectations with a 31% YoY revenue increase, driven by Paxlovid and Comirnaty. The company raised its 2024 revenue and EPS guidance, expecting $10 billion from COVID products.
Pfizer's strong Q3 performance, driven by high demand for its COVID-19 products, led to a significant revenue increase and EPS turnaround. The raised 2024 guidance further supports a positive outlook, likely boosting investor confidence and stock price.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100