Pfizer Inc. Q2 Profit Decreases, but beats estimates

(RTTNews) - Pfizer Inc. (PFE) released earnings for second quarter that decreased from last year but beat the Street estimates.

The company's earnings came in at $2.33 billion, or $0.41 per share. This compares with $9.91 billion, or $1.73 per share, in last year's second quarter.

Excluding items, Pfizer Inc. reported adjusted earnings of $3.84 billion or $0.67 per share for the period.

Analysts on average had expected the company to earn $0.52 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 54.1% to $12.73 billion from $27.74 billion last year.

Pfizer Inc. earnings at a glance (GAAP) :

-Earnings (Q2): $2.33 Bln. vs. $9.91 Bln. last year. -EPS (Q2): $0.41 vs. $1.73 last year. -Analyst Estimates: $0.52 -Revenue (Q2): $12.73 Bln vs. $27.74 Bln last year.

-Guidance: Full year EPS guidance: $3.25 to $3.45 Full year revenue guidance: $67 to $70 Bln