Pfizer’s next move: Can it break above $30?
Pfizer Inc. (NYSE:PFE) faced a challenging 2023 in the stock market, with its shares plummeting from over $50 to a low of $25. However, recent developments suggest a potential turnaround for the pharmaceutical giant. On May 1, 2024, Pfizer reported better-than-expected results for the first quarter of the year. Their non-GAAP earnings per share of $0.82 surpassed expectations by $0.31, while revenue of $14.9 billion beat estimates by $980 million. Despite a 19.5% year-over-year decline in revenue, Pfizer remained optimistic, reaffirming its full-year revenue guidance of $58.5 to $61.5 billion ...