Stronger Dollar Dents Pfizer's Top Line


Pfizer Inc reported a 4 percent fall in quarterly revenue, hurt by a stronger dollar.

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Net profit rose to $2.38 billion, or 38 cents per share, for the first quarter, from $2.33 billion, or 36 cents per share, a year earlier.

Excluding items, the company earned 51 cents per share.

Revenue fell to $10.86 billion. (Reporting by Ankur Banerjee in Bengaluru; Editing by Saumyadeb Chakrabarty)