Pfizer (PFE) Tops Q1 EPS by 29c, Beats on Revenue; Offers FY24 Guidance

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Pfizer stock climbs as first quarter earnings, revenue come ahead of estimates

May 1, 2024 6:53 AM EDT

Pfizer (NYSE: PFE) shares rose 3% in premarket trading Wednesday after the drugmaker reported Q1 earnings and revenue that beat analyst estimates.

Earnings per share (EPS) stood at $0.82, exceeding the consensus estimates of $0.53. Revenue came in at $14.9 billion, also above the consensus projection of $14.04 billion.

Meanwhile, adjusted research and development (R&D) expenses... More