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6 August 19:38

Pfizer raised profit estimates for 2025 thanks to cost cuts, despite falling COVID product revenue and patent expirations.

Sanziana Georgescu

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Economy

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Pfizer has announced a revised profit estimate for 2025, underpinned by a cost-cutting program, amid falling COVID product revenues and patent expirations. Shares rose 3.7% after the company reported a better-than-expected quarterly profit. However, Pfizer remains cautious, maintaining annual sales forecasts of between $61 billion and $64 billion, due to pandemic uncertainties and political pressure to cut drug prices.

Sources

Pfizer își majorează estimarea de profit pentru 2025, pe fondul reducerilor masive de costuri și al presiunilor politice din partea lui Trump

Pfizer își ridică prognoza de profit pentru 2025, mizând pe reduceri agresive de costuri și negocieri

Pfizer îşi majorează estimarea de profit pentru 2025, pe fondul reducerilor masive de costuri şi al presiunilor politice din partea lui Trump

Pfizer îşi majorează estimarea de profit pentru 2025, pe fondul reducerilor masive de costuri şi al presiunilor politice din partea lui Trump

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International

Pfizer estimates an adjusted profit of $3-3.15 per share for 2025, but quarterly revenues have decreased by 6% to $16.65 billion

Economy

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Economy

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International

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Economy

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Economy

Earnings have risen on the back of profit reporting from major companies, including Bank of America and ASML, with the S&P 500 climbing by 0.7%.

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Pfizer profit estimates cost reduction

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