Quarterly Earnings Analysis - Report on Pfizer

NEW YORK, September 15, 2015 /PRNewswire/ --

ACI Association has initiated research coverage on Pfizer Inc. (NYSE: PFE). Select highlights from the internally released reports are being made available to the general public (included below), with access to the entirety of the research available to new members.

Today, membership is open to readers on a complementary basis at the following URL: http://www.aciassociation.com/reports?keyword=PFE  

Highlights from our PFE Report include:

  • Top-line Performance Review - On July 28, 2015, the US based pharmaceutical company, Pfizer Inc. announced results for the second quarter ended June 2015. Revenue declined 7% or by $920 million to $11.9 billion in Q2 2015, compared to $12.8 billion in the year-ago period. As per a same day Reuters report, consensus analyst at Wall street expected revenues of $11.42 billion for the quarter. In Q2 2015, the Company's operational revenue growth in developed markets got a boost by healthy performance of several key products. Prevnar 13 in adults, Eliquis, Ibrance and Xeljanz are some of these products to name a few. Reflecting sustained strong operational growth, primarily from Lipitor and Prevenar 13, revenue from operations grew by 6% in emerging markets.

  • Innovative Products Business Performance - The Innovative Products Business recorded a revenue growth of 17% operationally, driven by higher revenues from the Global Innovative Pharmaceutical (GIP) and the Global Vaccines, Oncology and Consumer Healthcare (VOC) segments. While revenue from GIP grew 8% operationally, VOC showcased a strong growth of 29% operationally in Q2 2015. Strong operational performance from GIP was on the back of recent product launches, including Eliquis globally and Xeljanz in the US, coupled with impressive performance of Lyrica in the US and Japan and Viagra in the US. Within VOC, the Global Vaccine business saw a 52% operationally and Global Oncology business registered a growth of 36% operationally while Consumer Healthcare revenues declined 2% operationally.

  • Established Products Business Performance - The Global Established Pharmaceutical (GEP) segment reported a 14% decline in revenues operationally. The Company further informed that the decline in revenue from GEP was due to the loss of exclusivity and immediate launch of multi-source generic competition for Celebrex in the US in December 2014, as well as generic competition for Zyvox in the US beginning in first-half 2015, and for Lyrica in certain developed Europe markets beginning in first-quarter 2015.

  • Bottom-line Performance & Outlook - Net income attributable to Pfizer was 2.6 billion, down 9.8% from 2.9 billion in the prior year quarter. Consequently, diluted earnings per share declined to $0.42 from $0.45 per share in second quarter ended June 2014. Second-Quarter 2015 adjusted Diluted EPS was $0.56, which as per the Reuters report, exceeded analysts' average expectations by 4 cents a share. For the full year 2015, the Company expects revenues to be in $45.0 to $46.0 billion range, compared to the previous guidance of $44.0 to $46.0 billion.

To find out how this influences our rating on Pfizer Inc., read the full report in its entirety here: http://www.aciassociation.com/reports?keyword=PFE

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