Pfizer Falls ~0.5% in Early Trading Despite Strong Results and $2.5B in Savings

ETSY +0.71%

1. 1Pfizer (PFE) fell about 0.5% in early trading Tuesday despite strong earnings and a raised revenue outlook.
2. 2Adjusted EPS of $0.77 beat Wall Street estimates by $0.09, and an additional $2.5 billion in cost cuts brings total planned savings to $9.7 billion by 2029.
3. 3The company raised its full-year revenue guidance to $60.5B-$62.5B, but the market appears unconvinced that a strong quarter alone signals a revival in long-term growth.

Source GuruFocus.com +2 · View original ↗

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