Pfizer lifts revenue outlook as non-COVID portfolio offsets sales decline
US pharma major Pfizer (NYSE: PFE) raised the lower end of its full-year revenue forecast after second-quarter sales and adjusted earnings exceeded analyst expectations, with growth across its non-COVID portfolio offsetting sharp declines for Paxlovid (ritonavir) and Comirnaty.
Second-quarter revenue rose 3% year on year to $15.03 billion, ahead of the roughly $14.40 billion expected by analysts. Adjusted diluted earnings per share (EPS) came in at $0.77, compared with a consensus estimate of $0.68.
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