Pfizer beats sales and earnings forecast for the third quarter

28 October 2014

US pharma giant Pfizer (NYSE: PFE) has beaten the forecasts for both its sales and its earnings for the third quarter of 2014. Shares rose 3 cents to $29.06 in premarket trading, but dipped 0.3% to $28.93 by mid-morning.

The company has seen sales of $12.36 billion this quarter, down 2% from $12.64 billion in the same period of 2013. Earnings stand at $2.67 billion, up 3% from $2.59 billion, and adjusted diluted earnings per share are at $0.57, an 8% rise quarter-on-quarter.

Pfizer raises sales forecast for 2014

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