New CEO gets off to a good start at Pfizer
Strong sales performance for breast cancer drug Ibrance (palbociclib) and pneumonia vaccine Prevnar (pneumococcal 7-valent conjugate) helped New York’s Pfizer (NYSE: PFE) on its way to a 9% bump in profits for the first quarter of 2019.
The firm says it took in $13.1 billion sales for the first three months of the year, matching analysts' expectations, with reported earnings per share (EPS) of $0.68.
Reported net income was $3.9 billion, up from $3.6 billion. The company reaffirmed its full year financial guidance, between $52 billion and $54 billion.
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