Pfizer 4th-qtr ahead of forecasts on pneumonia vaccine, Ibrance sales
US drug major Pfizer (NYSE: PFE) on Tuesday reported fourth-quarter 2015 results ahead of analysts' estimates, driven by its Prevnar vaccine and cancer drug Ibrance (palbociclib).
The company said it sees 2016 results below market estimates.
Fourth-quarter net income dropped 50% to $613 million from $1.2 billion last year. Earnings per share fell 47% to $0.10 from $0.19 a year ago. Adjusted income stood at $3.3 billion, compared with $3.4 billion a year earlier. Adjusted earnings per share were $0.53, compared to $0.54 a year ago.
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