Pfizer Inc reported stronger-than-expected quarterly results, helped by growing sales of its cancer drugs and demand for its medicines in emerging markets, but did not signal any acquisition plans following its recent failed efforts to purchase rival British drugmaker AstraZeneca Plc.The largest U.S. drugmaker on Tuesday said it had earned $2.67 billion, or 42 cents per share, in the third quarter. That compared with $2.59 billion, or 39 cents per share, a year earlier.Excluding special items, Pfizer earned 57 cents per share. Analysts on average expected 55 cents, according to Thomson Reuters I/B/E/S.Sales fell 2 percent to $12.36 billion, hurt by generic competition and expiration of a longstanding deal with Amgen Inc to co-market its Enbrel arthritis drug. But they topped Wall Street expectations of $12.24 billion.
Amgen Inc. is a global biotechnology pioneer that discovers, develops, manufactures and delivers human therapeutics. Shares of AMGN traded higher by 4.51% or $6.68/share to $154.88. In the past year, the shares have traded as low as $108.20 and as high as $148.47. On average, 3734380 shares of AMGN exchange hands on a given day and today's volume is recorded at 452251.
AstraZeneca PLC (AstraZeneca) is a global biopharmaceutical company. Shares of AZN traded higher by 0.45% or $0.32/share to $71.08. In the past year, the shares have traded as low as $52.08 and as high as $82.68. On average, 2472340 shares of AZN exchange hands on a given day and today's volume is recorded at 34429.
Pfizer Inc. (Pfizer) is a research-based, global biopharmaceutical company. Shares of PFE traded higher by 0.68% or $0.197/share to $29.23. In the past year, the shares have traded as low as $27.51 and as high as $32.96. On average, 25288500 shares of PFE exchange hands on a given day and today's volume is recorded at 1203036.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 0.4% or $0.15/share to $37.26. In the past year, the shares have traded as low as $33.21 and as high as $38.73. On average, 759628 shares of TRI exchange hands on a given day and today's volume is recorded at 14506.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 0.17% or $0.07/share to $41.77. In the past year, the shares have traded as low as $36.86 and as high as $42.10. On average, 727186 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 18466.
Source
