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News Digest / Ticker: PFE

Ticker: PFE
07:11am, Tuesday, Apr 29, 2025
Pfizer Surpasses Profit Forecasts Despite Covid Sales Decline: A Strategic Pivot Towards Cost-Cutting and Future Growth
Pfizer (NYSE: PFE) has initiated cost-reduction strategies while exceeding quarterly profit forecasts despite an 8% sales decline due to waning Covid-related revenue. The company aims for $4.5B in savings by 2025, maintaining its 2025 sales guidance of $61B-$64B amidst uncertainty.
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