Pfizer Cuts Full-year Forecast, Q1 Profit Drops 19%

said its first-quarter profit plunged on generic competition to its blockbuster cholesterol drug Lipitor. The world?s largest drugmaker cut its full-year forecast after the sale of its nutrition business. earned $1.8 billion, 24 cents a share, a 19% decrease from a year ago. Excluding one-time items, made $4.43 billion, or 58 cents per share.

Topics:  lipitor   analysts   profit   full-year forecast   share   cents   billion   
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