Shares of Pfizer decreased by 3.2% since the beginning of the year, fell by 1.65% on Tuesday after the company announced the results of the third quarter, which ended on September 30.
Pfizer reported a 4% drop in earnings per share (compared to the same quarter in 2019) to $ 0.72, but this was slightly higher than analysts’ estimates of $ 0.71. Total quarterly revenue fell to $ 2.2 billion from $ 7.68 in the 3rd quarter of 2019.
Total quarterly profit also fell 4% to $ 12.13 billion, below analysts’ average estimates of $ 12.32 billion.
In its report, Pfizer noted a 6% increase in sales of the anti-cancer drug Ibrance – up to $ 1.36 billion, which is higher than analysts’ estimates of $ 1.39 billion, despite increased competition from Verzenio with Eli Lilly.
At the same time, total quarterly revenue was reduced, in part due to a drop in sales of Lyrica’s patented painkiller by $ 500 million due to the COVID-19 pandemic, as patients with other diseases were less likely to seek medical care.
Pfizer also noted that Q3 spending on development and research increased compared to the same quarter last year, “which primarily reflects the higher cost of Pfizer’s efforts to develop potential vaccines and therapeutic agents for the prevention and treatment of COVID-19.”
The company said it had paid $ 6.3 billion in dividends in the first nine months of 2020, consisting of a dividend of $ 0.38 per ordinary share in each of the first, second and third quarters of 2020. To date, no share buyback has been conducted in 2020 and is not planned until the end of the year.
The first batch of Pfizer coronavirus vaccine has been delivered to Israel. This was reported by The Jerusalem Post on Wednesday, December 9. “A DHL flight from Brussels carried more than 100,000 doses of the newly created vaccine and landed at Ben Gurion Airport in Tel Aviv around 9 a.m.,” the statement said. The doses […]
The American oil and gas giant Exxon Mobil had one of the worst years in its history. Exxon shares have fallen by 45.36% since the beginning of 2020. The company has lost money for three quarters in a row, and in August they were excluded from the benchmark index of “blue chips” Dow Jones Industrial […]
Shares of Pfizer and BioNTech fell 1.74% and 2% (respectively) on Thursday amid news that companies will deliver half of their planned number of vaccines against COVID-19 in 2020. On November 20, Pfizer and its German partner BioNTech applied to the FDA (US Food and Drug Administration) for permission to use their vaccine in an […]
American Pfizer is one of the world’s largest pharmaceutical companies. Greek government spokesman Stelios Petsas stated it’s expanding its presence in Greece, creating 600 workplaces. Pfizer’s chairman is Greek Albert Burla. In recent months, the company has been developing a vaccine against coronavirus. A company hub opens in Thessaloniki. “Greece is attracting big investment and […]
Johnson & Johnson plans to complete the third phase of trials of its single-dose vaccine against COVID-19 in mid-January 2021. Paul Stoffels, vice chairman of the executive committee, senior scientific expert at Johnson & Johnson said they plan to deliver to market 1 billion doses. “We are in the middle of the third phase of […]
The American company Pfizer and the German BioNTech have applied to the European Medicines Agency for registration of their coronavirus vaccine. The announcement was published on the BioNTech website. “On Monday, November 30, Pfizer and BioNTech filed a formal application with the European Medicines Agency for a conditional authorization to use their COVID-19 candidate vaccine […]
The British government hopes that in the coming weeks the relevant authorities of the country will register two vaccines against coronavirus. Boris Johnson, the Prime Minister announced it in an interview with Sky News on Monday, November 30. “So far, no vaccine has been approved for use by the Medicines and Medical Devices Agency. However, […]
The National Bank did not go out this week with interventions on the interbank market, according to the press service of the regulator on Friday, November 27. The Central Bank has been refusing to buy or sell currency for three weeks in a row. At the same time, since the beginning of the year, the […]
On July 15, OPEC + countries decided at a meeting to gradually increase oil production due to improved demand. “During a meeting of the ministerial monitoring committee, both co-chairs, Russian and Saudi energy ministers Alexander Novak and Prince Abdulaziz bin Salman, said that demand for oil was recovering and production could be increased, but the […]Next
The “Auchan” network won a lawsuit against the Antimonopoly Committee of Ukraine in the case of cartel retailers. In April 2015 the Antimonopoly Committee of Ukraine made a decision on the most massive and scandalous case in the food retail market – the cartel of 14 retailers, which, according to the AMC, has led to […]Next
The LNZ Grour company invested more than 25 mln. UAH in the social sphere of Shpolyansky district in Cherkasy region in 2015. In this region is concentrated the main production of the enterprise. The same amount for social needs LNZ Grour plans to invest in 2016. As said Anatoly Tkachenko, the director of Lebedinsky plant (the […]Next
Panasonic has announced plans to invest $ 150 million in machine learning technology and artificial intelligence systems based on neural networks. The Japanese electronics manufacturer plans to invest part of the funds allocated under the venture fund Conductive Ventures II in promising developers of software and equipment for various industries, incl. autopilot, finance, digital healthcare, […]Next
Chip maker, Advanced Micro Devices, is in talks to buy a rival chip maker – the American company Xilinx, reported The Wall Street Journal. The deal might be exceeding to $ 30 billion and could be announced for the next week. The merger will become one of the largest transactions in the industry this year, […]Next
There are several factors which will affect trade and economic relations, as well as the investment component between Ukraine and Germany in 2019. POLITICAL FACTOR 2019 is the year of elections in Ukraine. Until the presidential race on March 31, the business environment of both countries will be expecting the elections results which will define […]Next
For the year Ukraine dropped 13 points lower in the world ranking by business publication Forbes «Best Countries for Business”: from 61 to 74 place. According to the research, which included the analysis of the basic conditions for doing business in different countries of the world, since the beginning of 2016 Ukraine’s index dropped significantly. […]Next
Shares of BlackBerry jumped sharply on auction on December 1 after the news of a partnership with Amazon Web Service. TechCrunch writes that together they will develop and sell a service for connected cars – IVY platform. Stock quotes at the beginning of trading on the New York Stock Exchange (NYSE) rose by 35%. The […]Next
NASA has provided to Nokia with $ 14.1 million to deploy 4G (LTE) network on the moon. The US space agency noted that telecommunications networks of this standard will be able to provide more reliable than radio signals, communication on the Earth’s satellite, where it is planned to build the lunar base by 2028. NASA […]Next
Half of the 2 billion doses of coronavirus vaccine that the American company Novavax intends to develop, will be manufactured at its Czech plant Praha Vaccines, said on Tuesday at a press conference the Prime Minister of the Czech Republic Andrej Babiš, who visited this enterprise near Prague. “Novavax wants to produce 2 billion coronavirus […]Next
Shares of Dell Technologies rose after the company released results for the second quarter of fiscal 2021, which ended July 31 this year. Since the beginning of the year, shares of Dell Technologies have risen by about 21.5% compared to the growth of the S&P 500 by 7.85%. Dell reported a decrease in earnings per […]Next
From December 21, 2018, to February 15, 2019, application acceptance for participation in the Ukrainian School of Political Studies in 2019 continues. From December 21, 2018, to February 15, 2019, application acceptance for participation in the Ukrainian School of Political Studies in 2019 continues – one of the most successful educational network projects in Ukraine, […]Next
The IMF said that the continuation of Ukraine’s financial support program depends on the independence of NABU, SAP and HACCUkraine. This was stated by the representative of the International Monetary Fund Jerry Rice, on September 10 in Washington. “I can say that the creation of an effective anti-corruption base for Ukraine has been a crucial […]Next
The agreement between two chemical corporations will make a company with a market value of $ 120 million. According to information of WSJ, two companies began to discuss the merger in November 2015. Now representatives of the enterprises carry out the last part of the negotiations between the leaders. When companies announced about agreement between […]Next
LDaily prepared the short overview of latest news in the sphere of business and finance for last week for the readers. If you missed something, it would a good opportunity to correct it. 1. Epic with e-declarations came to an end, but not for all On October 30, 2016, at 24:00 the stage of the Ukrainian […]Next
German automaker Daimler AG and its US subsidiary Mercedes-Benz have agreed to pay $ 1.5 billion to the US government and California regulators as part of a friendly settlement of a dispute over the manipulation of data on the content of a harmful substances in the exhaust gases of the company’s diesel engines. This stated […]Next