Pfizer Inc. (PFE) on Tuesday reported fourth-quarter earnings of $1.23 billion.
On a per-share basis, the New York-based company said it had net income of 19 cents. Earnings, adjusted for non-recurring costs and costs related to mergers and acquisitions, came to 54 cents per share.
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The results surpassed Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 53 cents per share.
The drugmaker posted revenue of $13.12 billion in the period, also topping Street forecasts. Analysts expected $12.87 billion, according to Zacks.
Pfizer expects full-year earnings in the range of $2 to $2.10 per share, with revenue in the range of $44.5 billion to $46.5 billion.
Pfizer shares have climbed slightly more than 5 percent since the beginning of the year, while the Standard & Poor's 500 index has stayed nearly flat. The stock has increased 9 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PFE at http://www.zacks.com/ap/PFE
Keywords: Pfizer, Earnings Report, Priority Earnings