Pfizer Stock Rises On Earnings Beat, Raised Outlook

Pfizer (PFE) banal roseate modestly aboriginal Tuesday aft the pharmaceutical institution reported adjusted income of 60 cents per stock connected $13.28 cardinal successful second-quarter sales.

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On average, analysts surveyed by FactSet expected Pfizer to gain 46 cents per stock connected $13.03 cardinal successful sales.

During the year-ago period, Pfizer reported net of 67 cents a stock connected $12.73 cardinal successful sales.

For the year, Pfizer guided to EPS of $2.45-$2.65 connected gross of $59.5 billion-$62.5 billion. Analysts expected $2.35 net per stock and $60.65 cardinal successful sales.

In premarket trading connected today's banal market, Pfizer banal climbed 1.9%. Shares precocious broke retired of a flat base, topping a buy point astatine 29.73, according to MarketSurge.

More to follow.

Follow Allison Gatlin connected X, the level formerly known arsenic Twitter, astatine @IBD_AGatlin.

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