NEW YORK (AP) — NEW YORK (AP) — Pfizer Inc. (PFE) on Tuesday reported a loss of $2.38 billion in its third quarter.
The New York-based company said it had a loss of 42 cents per share. Losses, adjusted for one-time gains and costs, were 17 cents per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 32 cents per share.
The drugmaker posted revenue of $13.23 billion in the period, missing Street forecasts. Six analysts surveyed by Zacks expected $13.77 billion.
Pfizer expects full-year earnings in the range of $1.45 to $1.65 per share, with revenue in the range of $58 billion to $61 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PFE at https://www.zacks.com/ap/PFE