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Pfizer quarterly gross sales surge to fable high, pushed by Covid vaccine and antiviral therapy Paxlovid

Coronavirus disease (COVID-19) therapy tablet Paxlovid is considered in boxes, at Misericordia effectively being facility in Grosseto, Italy, February 8, 2022.

Jennifer Lorenzini | Reuters

Pfizer’s second-quarter earnings and earnings beat Wall Boulevard expectations, pushed by gross sales of its Covid-19 vaccine and its antiviral therapy Paxlovid.

Pfizer booked $27.7 billion in earnings, a 47% lengthen over the same length final year and its excellent quarterly gross sales on fable. The pharmaceutical company reported $9.9 billion in ranking earnings, a 78% lengthen over the second quarter of 2021.

Right here’s how the company conducted when put next with what Wall Boulevard anticipated for the second quarter, in response to analysts’ realistic estimates compiled by Refinitiv:

  • Adjusted EPS: $2.04 per share, vs $1.78 anticipated
  • Revenues: $27.7 billion, vs. $25.7 billion

Pfizer’s Covid vaccine introduced in $8.8 billion in earnings for the second quarter, whereas gross sales of Paxlovid totaled $8.1 billion. The corporate maintained its 2022 gross sales steering for the vaccine of $32 billion and is serene looking at for $22 billion for Paxlovid.

Pfizer additionally largely reiterated its total 2022 earnings and earnings steering. Pfizer is looking at for $98 billion to $102 billion in gross sales this year and earnings per share of $6.30 to $6.45. The corporate raised the lower stop of its earnings steering by 5 cents.

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