Pfizer (NYSE:PFE) reported Q4 2022 Revenues of $24.3 Billion,update 2023 financial guidance

January 31, 2023 — Pfizer Inc. (NYSE:PFE) reported exceptional financial results for fourth-quarter and full-year 2022 and provided 2023 financial guidance. Pfizer Inc. (NYSE:PFE) reported Q4 adjusted earnings  of $1.14 per diluted share, up from $0.79 a year earlier. Analysts polled by Capital IQ expected $1.04. Revenue for the quarter was $24.29 billion, up from $23.84 billion a year earlier. Analysts surveyed by Capital IQ expected $24.40 billion. The company said it is expecting fiscal 2023 adjusted earnings of $3.25 to $3.45 per diluted share. Analysts polled by Capital IQ are expecting $4.38. Revenue for the year is expected to range between $67 billion and $71 billion. Analysts surveyed by Capital IQ are expecting $74.23 billion. Fourth-Quarter 2022 Revenues of $24.3 Billion, Reflecting 13% Operational Growth,Excluding Contributions from Paxlovid and Comirnaty(1), Revenues Grew 5% Operationally。 Full-Year 2022 Revenues of $100.3 Billion, An All-Time High for Pfizer, Reflecting 30% Operational Growth,Excluding Contributions

Pfizer (NYSE:PFE) reported Q4 2022 Revenues of $24.3 Billion,update 2023 financial guidance Read Post »

Oppenheimer raised its price target on Meta Platforms (NASDAQ:META) to $260 from $235

Oppenheimer raised its price target on Meta Platforms (NASDAQ:META) to $260 from $235 and maintained its “outperform” rating on the stock. Meta announced a new round of layoffs of about 10,000 people on Tuesday and will close about 5,000 additional unfilled positions in the past six months. As a result of this news, analysts raised Meta’s earnings before interest, taxes, depreciation and amortization (EBITDA) forecasts for both fiscal 2023 and fiscal 2024 by 12, while raising the company’s earnings forecasts excluding one-time items by 22 and 24 for fiscal 2023 and fiscal 2024, respectively.

Oppenheimer raised its price target on Meta Platforms (NASDAQ:META) to $260 from $235 Read Post »

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