Story perspectives
Pfizer Surpasses Earnings Expectations Amid Cost-Cutting Plans
4/29/2025
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Story summary
- Pfizer's Q1 adjusted earnings reached $0.92, surpassing the $0.67 expectation, while revenue was $13.7 billion, below the $13.9 billion forecast.
- The company plans to implement $4.5 billion in cost reductions by year-end, with an additional $1.2 billion targeted for 2027.
- Pfizer maintained its 2025 revenue guidance of $61-$64 billion, despite potential tariff challenges.
- Shares experienced a slight increase in premarket trading, indicating cautious optimism amid ongoing difficulties.
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