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HomeBusinessCovid Pfizer (PFE) earnings Q1 2022

Covid Pfizer (PFE) earnings Q1 2022

Albert Bourla, chief government officer of Pfizer pharmaceutical firm, arrives to ring the closing bell on the New York Inventory Change.

Drew Angerer | Getty Photographs

Pfizer beat on its prime and backside line in its first quarter earnings report, pushed by sturdy gross sales of its Covid vaccine and oral antiviral remedy.

The pharmaceutical large stated it offered $13.2 billion of its Covid vaccine and $1.5 billion of its antiviral remedy Paxlovid within the first quarter.

Here is how Pfizer carried out in comparison with what Wall Road anticipated, primarily based on analysts’ common estimates compiled by Refinitiv:

  • Adjusted EPS: $1.62 per share, vs. $1.47 anticipated
  • Income: $25.66 billion, vs. $23.86 billion anticipated

Shares of Pfizer have been successfully flat in premarket buying and selling.

The corporate reaffirmed its full-year 2022 steerage of $32 billion in Covid vaccine gross sales and $22 billion for Paxlovid.

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