Pfizer Earnings: Our Pipeline View Is Incrementally Positive; Maintaining Fair Value Estimate
Pfizer reported flat revenue (up 7% excluding covid products) and flat earnings in the third quarter. Management raised the midpoints of its 2026 guidance for sales (to $63 billion from $61.5 billion) and adjusted diluted earnings per share (to $3.00 from $2.90). Shares fell 1% intraday on Nov. 3.