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Pfizer beats Q3 estimates, raises full-year revenue and profit outlook amid cost cuts.

Company Fundamentals
03 Nov 2026, 14:00 WIB
CNBC
View Source
Bullish
Pfizer beats Q3 estimates, raises full-year revenue and profit outlook amid cost cuts.

Pfizer reported third-quarter earnings that exceeded analyst expectations, with adjusted earnings per share of 87 cents versus the expected 73 cents, and revenue of $16.58 billion beating the $15.87 billion forecast. The company raised its full-year revenue guidance to $62 billion to $64 billion, up from $60.5 billion to $62.5 billion, and increased its adjusted profit forecast to $2.95 to $3.05 per share. These improvements reflect Pfizer's strong year-to-date performance and ongoing cost-cutting efforts. Additionally, Cecile Guegan, a long-time finance leader at Pfizer, has officially become the company's CFO after serving as interim CFO since August.

Pfizer shares are trading at USD 30.76 on Pluang as of Nov 03, 2026 19:02 WIB, showing a modest 0.29% increase in one day. The stock's dividend yield stands at 5.61%, reflecting steady income potential for investors. Pluang users currently favor buying Pfizer, with 63% of order activity leaning that way.

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