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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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