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Tuesday April 19, 08:03
Pfizer first-quarter profit fell 87%
(by Mark Riley)

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Pfizer first-quarter profit fell 87% Pfizer Inc., the world’s largest drugmaker, reported today that its first-quarter profit fell 87% on weak sales.

Profit fell to $301 million, or 4 cents a share, from $2.33 billion, or 30 cents, last year.Excluding expenses, profit was 54 cents a share. Analysts were expecting 53 cents.

Revenue rose 4.8% to $13.09 billion. Analysts were expecting $12.5 billion.


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