BMO Capital Downgrades Pfizer (PFE) to Market Perform

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PFIZER REPORTS THIRD-QUARTER 2016 RESULTS

November 1, 2016 6:45 AM EDT

Third-Quarter 2016 Revenues of $13.0 Billion, Reflecting 10% Operational Growth Third-Quarter 2016 Revenues for Pfizer Standalone (Excluding Legacy Hospira) of $11.9 Billion, Reflecting 3% Operational Growth Third-Quarter 2016 Reported Diluted EPS(1) of $0.21, Adjusted Diluted EPS(2) of $0.61 Narrows Certain 2016 Financial Guidance Ranges and Incorporates Impact of Decision to Discontinue Global Development of Bococizumab

NEW YORK--(BUSINESS WIRE)-- Pfizer Inc. (NYSE: PFE) reported financial results for third-quarter 2016 and narrowed certain 2016 financial guidance ranges.

On September 3, 2015, Pfizer acquired Hospira, Inc. (Hospira). Consequently,... More