5 Stocks Drawing Attention After Posting Their Financial Results

1. Pfizer Inc. (NYSE:PFE)

Number of Hedge Fund Holders: 83

Share of Pfizer Inc. (NYSE:PFE) closed higher on Tuesday, May 3, 2022, after the pharmaceutical giant posted solid profit and sales for the first quarter. The New York-based company reported adjusted earnings of $1.62 per share, well above 95 cents per share in the year-ago period.

In addition, Pfizer Inc. (NYSE:PFE) posted revenue of $25.7 billion, representing a big jump of 77 percent over the same period of 2021. The results easily surpassed analysts’ average estimate for earnings of $1.50 per share and revenue of $23.95 billion.

On the downside, Pfizer Inc. (NYSE:PFE) slashed its profit outlook for the full year. The company now anticipates adjusted earnings in the range of $6.25 – $6.45 per share versus its previous forecast of $6.35 – $6.55 per share.

However, Pfizer Inc. (NYSE:PFE) maintained its sales outlook for 2022. It continues to expect revenue in the range of $98 – $102 billion for the full year.

Discussing the results, CEO Dr. Albert Bourla said in a statement:

“We continue to supply the world with Comirnaty, which remains a critical tool for helping patients and societies avoid the worst impacts of the COVID-19 pandemic, and we are on track to fulfill our commitment to deliver at least 2 billion doses to low- and middle-income countries in 2021 and 2022, including at least 1 billion doses this year.”

You can also take a peek at 10 Best Fertilizer Stocks To Buy Now and 10 Favorite Stocks of Dan Loeb’s Third Point.

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