Pfizer raised its full-year forecast for sales of its Covid-19 vaccine to about $33.5 billion, a nearly 30% increase
Pfizer Inc. raised its full-year forecast for sales of its Covid-19 vaccine to about $33.5 billion, a nearly 30% increase, helping lift the pharmaceutical giant’s overall estimates for its sales and profits in 2021.
In the latest quarter, the vaccine contributed $7.8 billion to Pfizer’s total sales of $18.98 billion. That boost fueled the company’s 92% year-over-year revenue gain, as did stronger sales of other Pfizer drugs and vaccines amid greater healthcare demand this year. Pfizer posted an adjusted profit of $1.07 a share for the three months through June. Wall Street analysts had been forecasting an adjusted profit of 97 cents a share on sales of $18.71 billion. Shares were roughly flat in premarket trading.
Pfizer’s vaccine results reflected the company’s central role in the global campaign against Covid-19, even as
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