Pfizer first-quarter revenue better than
Photo: Yuki Iwamura AP/TT

Pfizer first-quarter revenue better than expected

The American pharmaceutical giant Pfizer reports first-quarter revenue of $14.4 billion, an increase of just over 5 percent compared with the same quarter last year.

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That was better than expected. Analysts had expected $13.8 billion on average, according to Bloomberg.

Adjusted profit fell 18 percent to $4.3 billion, down from $5.2 billion a year earlier.

Pfizer's stock rose 2 percent in futures trading after the report, ahead of Tuesday's trading on Wall Street.

For the full year, Pfizer confirms its forecast of $59.5 billion to $62.5 billion in revenue, which compares to an average forecast of $61.4 billion.

"We have gotten 2026 off to a strong start," says Chairman and CEO Albert Bourla in a press release.

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AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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