Pfizer trims expectations for 2023 with sales of COVID-19 vaccine, treatment, weaker than thought ...Middle East

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By MICHELLE CHAPMAN AP Business Writer Shares of Pfizer are falling before the opening bell as the company cut its full-year outlook, citing declining sales of its COVID-19-related products. Pfizer Inc. now foresees 2023 revenue in a range of $58 billion to $61 billion. Its prior forecast was for $67 billion to $70 billion. It now projects full-year adjusted earnings between $1.45 and $1.65 per share due to lower-than-anticipated revenue for Covid-19-related products and inventory write-offs. The company previously expected $3.25 to $3.45 per share. The post Pfizer trims expectations for 2023 with sales of COVID-19 vaccine, treatment, weaker than thought appeared first on News Channel 3-

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Last updated : 16 October 2023 clock 03:48 PM

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Pfizer trims expectations for 2023 with sales of COVID-19 vaccine, treatment, weaker than thought ...Middle East

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