Pfizer PFE Q4 2020 earnings fall short, but revenue beats expectations


Pfizer said Tuesday it expects to sell about $15 billion in coronavirus vaccine doses this year and to net a profit in the high 20% range of revenue for the inoculations.

In releasing its fourth-quarter earnings, Pfizer also forecast revenue this year will be between $59.4 billion and $61.4 billion and said it expects an adjusted pretax profit in the high 20% range of revenue for the vaccine. 

The company also raised its full-year earnings guidance to between $3.10 to $3.20 from $3 to $ 3.10, citing “additional refinements” of its vaccine revenue forecast.

Here’s how Pfizer performed in the fourth quarter compared with what Wall Street expected, according to average estimates compiled by…

Source cnbc.com

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