Before Tuesday’s opening bell, Pfizer Inc. (PFE ) released its fourth quarter financial results, reporting a drop in profit.
PFE’s Earnings in Brief
- The company reported net income of $1.228 billion, or 19 cents per share, compared to $2.568 billion, or 39 cents per share, last year.
- Excluding special items, earnings were 54 cents per share – above analysts’ view of 53 cents per share.
- Revenue came in at $13.12 billion, up from $13.56 billion last year. Analysts expected to see revenue of $12.90 billion.
- Looking forward, the company expects to see FY2015 revenue between $44.5 billion and $46.5 billion, and adjusted earnings between $2.00 and $2.10 per share. On average, analysts expect to see $47.56 billion in revenue and EPS of $2.18.
Pfizer will pay its next 28 cent quarterly dividend on March 3. The stock will go ex-dividend on February 4.
Shares of PFE were down 30 cents, or 0.91%, during pre-market trading Tuesday.
The Bottom Line
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