CNBC logo CNBC 1 month ago

Pfizer Profit Beats Expectations on Cost Cutting

Pfizer reported higher third-quarter profit as aggressive cost-cutting helped offset unfavorable foreign currency exchange rates and declining sales of drugs, including those facing competition from cheaper generics. Full Article at CNBC

Related Topics:

  1. Pfizer Inc.
  2. Wyeth|WYE|NYSE
  3. Thomson Reuters

Related Articles

  1. China Post logo
    Pfizer profit jumps 26 percent on cost cutting
    1 month ago

    TRENTON, N.J. -- Pfizer Inc. on Tuesday posted a higher third-quarter profit despite the recession, as sharp cost cuts made up for a dip in sales. Full Article at China Post

  2. Reuters logo
    UPDATE 6-Pfizer 3rd-quarter profit rises, tops Street
    1 month ago

    * Q3 $0.51 excluding items vs estimate of $0.48 * Sees FY adjusted EPS $2.00 to $2.05 with Wyeth (Adds job cut details from CFO, updates share price) NEW YORK, Oct 20 (Reuters) - Pfizer Inc (PFE.N) reported higher third-quarter profit as aggressive... Full Article at Reuters

  3. USA Today logo
    Pfizer profit jumps 26% on cost cutting
    1 month ago

    TRENTON, N.J. Pfizer(PFE)posted a higher third-quarter profit Tuesday despite the recession, as sharp cost cuts made up for a dip in sales. Full Article at USA Today

  4. Pfizer profit jumps 26 percent on cost cutting
    1 month ago

    TRENTON — Pfizer Inc. on Tuesday posted a higher third-quarter profit despite the recession, as sharp cost cuts made up for a dip in sales. Full Article at MyCentralJersey.com

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Related Quotes

  1. Ultimately, the way we increase the stock is by improving shareholder value in the long run ... Our prospects are very strong.
    SOURCE: CNBC 1 month ago
  2. We believe the third quarter marked the low point for Caterpillar sales and revenues in what has been the toughest recession since the 1930s ... We are seeing encouraging signs that indicate a recovery may be under way.
    SOURCE: CBC News 1 month ago
  3. I think people are optimistic about the opportunities for earnings and cash flow over the next couple of years primarily as a function of the Wyeth acquisition
    SOURCE: Reuters 1 month ago
  4. The quarter was very good
    SOURCE: Reuters 1 month ago
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  1. LONDON, ENGLAND - NOVEMBER 23: Jeffrey B Kindler, the Chairman and CEO of Pfizer, delivers a speech to the CBI annual conference at the Park Lane Hilton hotel on November 23, 2009 in London, England.
  2. FILE - In this Jan. 25, 2009 file photo, the company logo for drugmaker Pfizer Inc. , is shown. Pfizer Inc. posts a higher third-quarter profit Tuesday, Oct. 20, 2009,despite the recession, as sharp cost cuts make up for slightly lower sales.
  3. WASHINGTON - SEPTEMBER 02: Associate Attorney General Tom Perrilli (C) takes questions from the news media after announcing that pharmaceutical giant Pfizer will pay a record $2.3 billion settlement for illegal drug promotion with (L-R) Health and Human Services Inspector General Dan Levinson, F...
  4. NEW YORK - AUGUST 06: Former US President Bill Clinton speaks at a news conference at the headquarters of the Clinton Foundation concerning a recent new initiative to treat AIDS patients in developing countries August 6, 2009 in New York City.
  5. A pedestrian passes a Staples store in Boston, Massachusetts December 1, 2009. Staples Inc. reports third-quarter results that top Wall Street forecasts and forecasts an increase in sales as trends improve at the office products retailer's North American operations.
  6. NEW YORK - NOVEMBER 30: Photos are displayed during the FOEDUS USA Foundation's A Journey to La Dolce Vita at The Setai Wall Street on November 30, 2009 in New York City.
  7. NEW YORK - NOVEMBER 30: Directors Donal Mosher and Michael Palmieri attend IFP's 19th Annual Gotham Independent Film Awards at Cipriani, Wall Street on November 30, 2009 in New York City.
  8. NEW YORK - NOVEMBER 30: Actors Stanley Tucci and Natalie Portman attend IFP's 19th Annual Gotham Independent Film Awards at Cipriani, Wall Street on November 30, 2009 in New York City.
  9. NEW YORK - NOVEMBER 30: Director Jim Sheridan speaks onstage at IFP's 19th Annual Gotham Independent Film Awards at Cipriani, Wall Street on November 30, 2009 in New York City.

Cast of Characters

  1. Pfizer Inc. Pfizer Inc.
  2. Wyeth|WYE|NYSE
  3. Yahoo! Yahoo!
  4. Thomson Reuters Thomson Reuters
  5. Deutsche Bank Deutsche Bank
  6. NYSE NYSE