Trade with Eva: Analytics in action >>

Tuesday, August 2, 2016

Pfizer (PFE) reported earnings on Tue 2 Aug 2016 (b/o)

** charts before earnings **


 




** charts after earnings **




Pfizer beats by $0.02, beats on revs; reaffirms FY16 guidance  :
  • Reports Q2 (Jun) earnings of $0.64 per share, excluding non-recurring items, $0.02 better than the Capital IQ Consensus of $0.62; revenues rose 10.9% year/year to $13.15 bln vs the $13.01 bln Capital IQ Consensus, which reflects operational growth of $1.6 billion, or 13%, partially offset by the unfavorable impact of foreign exchange of $302 million, or 3%. Ex-the contribution of legacy Hospira operations of $1.1 billion and FX, Pfizer-standalone revenues increased by $458 million operationally, or 4%.
    • Revenues in developed markets grew $1.5 billion, or 17%, operationally, driven primarily by the inclusion of $1.1 billion of revenues from legacy Hospira operations and continued strong performance of several key products, notably Ibrance in the U.S., Eliquis, as well as Xeljanz and Lyrica, both primarily in the U.S. Operational revenue growth in developed markets was partially offset primarily by lower revenues for Prevnar 13 in the U.S., the loss of exclusivity and associated generic competition for Zyvox, primarily in the U.S. and certain developed Europe markets, and Lyrica in certain developed Europe markets, as well as the December 31, 2015 expiration of the collaboration agreement to co-promote Rebif in the U.S.

No comments:

Post a Comment