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Reuters
Pfizer profit lower but beats expectations
Wednesday January 23, 8:13 am ET


NEW YORK (Reuters) - Pfizer Inc (PFE - News), the world's biggest drugmaker, on Wednesday reported fourth-quarter results that beat expectations.
The company said it earned $2.88 billion, or 42 cents per share. That compared with $9.45 billion, or $1.32 per share, in the year-earlier quarter, when Pfizer reported a big gain from the sale of its consumer health business to Johnson & Johnson (JNJ - News).

Excluding one-time items, Pfizer earned 52 cents per share.

(Reporting by Ransdell Pierson; editing by John Wallace)