Pfizer forecasts COVID-19 vaccine sales of $36 billion as it ups earnings view
Pfizer Inc. shares PFE, -0.23% jumped 2.5% in premarket trade Tuesday, after the company beat earnings estimates for the third quarter and raised guidance, boosted by strong sales of its COVID-19 vaccine, Comirnaty. The company posted net income of $8.146 billion, or $1.42 a share, for the quarter, up from $1.469 billion, or 26 cents a share, in the year-earlier period. Adjusted per-share earnings came to $1.34, well ahead of the $1.08 FactSet consensus. Revenue more than doubled to $24.
, and we remain on track to achieve our goal of delivering at least two billion doses to low- and middle-income countries by the end of 2022 -- at least one billion to be delivered this year and one billion next year, with the possibility to increase those deliveries if more orders are placed by these countries for 2022," CEO Albert Bourla said in a statement. The company is expecting full-year COVID vaccine sales of about $36 billion, reflecting the 2.
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