Pfizer (PFE) Misses Q3 EPS by 9c; Reaffirms FY Outlook
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Pfizer Reports Third-Quarter 2023 Results
October 31, 2023 6:45 AM EDTThird-Quarter 2023 Revenues of $13.2 Billion Expected Decline in Paxlovid and Comirnaty(1) Revenues Drove 41% Operational Decrease in Third-Quarter 2023 Revenues Revenues for Pfizers Non-COVID Products Grew 10% Operationally Third-Quarter 2023 Reported(2) Diluted Loss Per Share (LPS) of $(0.42) and Adjusted(3) Diluted LPS of $(0.17), Significantly Impacted by $5.6 Billion of Non-Cash Inventory Write-Offs and Other Charges, Which Unfavorably Impacted Reported(2) and Adjusted(3) Diluted LPS by $0.84 Reaffirms Full-Year 2023 Guidance(4) Provided on October 13, 2023, of Revenues of $58.0 to $61.0 Billion and Adjusted(3) Diluted EPS of $1.45 to $1.65, and Provides All Guidance Components Reaffirms Full-Year 2023 Non-COVID Operational Revenue Growth... More
