Pfizer Inc, the biggest U.S. drugmaker, on Monday reported revenues well below Wall Street expectations, hurt by falling sales of generic medicines it calls established pharmaceuticals. Pfizer, which is trying to take over Britain's AstraZeneca Plc, earned $2.33 billion, or 36 cents per share, in the first quarter ended March 31. That compared with $2.75 billion, or 38 cents, in the year-earlier period, when the company reported gains from the transfer of product rights.Excluding special items, Pfizer earned 57 cents per share. Analysts, on average, expected 55 cents per share, according to Thomson Reuters I/B/E/S.Total revenues fell 9 percent to $11.35 billion, which was $730 million below Wall Street expectations.Pfizer pulled its prior 2014 forecast, saying it will update its outlook its outlook "as soon as practicable."
AstraZeneca PLC (AstraZeneca) is a global biopharmaceutical company. Shares of AZN fell by 0.09% or $-0.07/share to $81.02. In the past year, the shares have traded as low as $46.87 and as high as $82.68. On average, 3424980 shares of AZN exchange hands on a given day and today's volume is recorded at 9887488.
Pfizer Inc. (Pfizer) is a research-based, global biopharmaceutical company. Shares of PFE fell by 1.28% or $-0.4/share to $30.75. In the past year, the shares have traded as low as $27.12 and as high as $32.96. On average, 29514900 shares of PFE exchange hands on a given day and today's volume is recorded at 41712076.
Thomson Reuters Corporation (Thomson Reuters), is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 0.31% or $-0.11/share to $35.70. In the past year, the shares have traded as low as $31.38 and as high as $38.73. On average, 864342 shares of TRI exchange hands on a given day and today's volume is recorded at 694461.
Thomson Reuters Corporation (Thomson Reuters), is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 0.15% or $-0.06/share to $39.20. In the past year, the shares have traded as low as $33.08 and as high as $42.10. On average, 963221 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 423657.
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