Pfizer Sales Suffer From Patent Losses, Stronger Dollar

Pfizer reported a decline in fourth-quarter sales Tuesday, pointing to headwinds of a stronger dollar and competition from generic drugs as more patents expire, issues it says aren't likely to abate this year. Revenue fell 3% to $13.1 billion, but beat Wall Street consensus estimates of $12.9 billion. Profit was $1.2 billion, [...]

Topics:  wall street   pfizer   sales   patent   stronger dollar   billion   
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