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StockNews.com
StockNews.com
Business
Aanchal Sugandh

Pfizer (PFE): Pre-Earnings Strategies

Analysts expect Pfizer Inc. (PFE) to report poor financials for the fourth quarter of fiscal 2023, which is scheduled to be unveiled on January 30. Projections indicate a 40.8% year-over-year decline in revenue to $14.38 billion, with a loss per share of $0.18 for the quarter.

That being said, the company grappled with weakened demand for its COVID-19 products, including Paxlovid and Comirnaty, prompting a downward revision of its 2023 guidance in October.

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