NEW YORK (AP) – Pfizer Inc. (PFE) on Tuesday reported second-quarter net income of $2.02 billion.
The New York-based company said it had profit of 33 cents per share. Earnings, adjusted for non-recurring costs and costs related to mergers and acquisitions, came to 64 cents per share.
The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 62 cents per share.
The drugmaker posted revenue of $13.15 billion in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $13 billion.
Pfizer expects full-year earnings in the range of $2.38 to $2.48 per share, with revenue in the range of $51 billion to $53 billion.