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Pfizer (NYSE:PFE) Announces Earnings Results
['Kim Johansen']
Markets Daily
Pfizer (NYSE:PFE – Get Free Report) issued its earnings results on Tuesday.
Here are the key takeaways from Pfizer’s conference call:Get Pfizer alerts:Positive Sentiment: Pfizer raised its 2026 revenue guidance midpoint by $500 million to $60.5–$62.5 billion, despite lowering expected COVID revenue to approximately $4 billion.
Positive Sentiment: Pfizer expanded its cost-reduction targets, now expecting approximately $9.7 billion in total net savings through 2029, including additional savings from technology, simplification, and manufacturing optimization.
Neutral Sentiment: Pfizer emphasized potentially important longer-term catalysts, including its obesity programs, with 10 planned Phase III studies for berobenatide/nirubenatide-related therapies and an initial approval target beginning in 2028.
Pfizer Stock Up 0.6%PFE stock traded up $0.16 on Wednesday, hitting $25.57.