Pfizer misses profit expectations as sales of breast-cancer drug fall short

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Pfizer misses profit expectations as sales of breast-cancer drug fall short GlobeBusiness

Revenue fell 9 per cent to $12.69 billion, partly hurt by intense competition for its pain treatment Lyrica that lost patent protection last year.

Excluding items, it earned 55 cents per share, missing the average analyst estimate of 58 cents per share. Net loss attributable to Pfizer narrowed to $337 million, or 6 cents per share, in the quarter, from $394 million, or 7 cents per share, a year earlier.

 

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globebusiness Now watch breast cancer stats climb. Big pharma create illnesses to drive sales.

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