Pfizer’s Quarterly Sales Surge to Record Highs
Pfizer also largely reiterated its overall 2022 revenue and earnings guidance. Pfizer is expecting $98 billion to $102 billion in sales this year and earnings per share of $6.30 to $6.45. The company raised the lower end of its earnings guidance by 5 cents.
Pfizer and its German partner BioNTech inked a $3.2 billion deal in June to provide 105 million vaccine doses to the U.S. government ahead of an expected fall vaccination campaign. The order may include updated shots that target omicron and its subvariants. The U.S. has the option to purchase another 195 million doses.
The companies said delivery of the shots could begin as soon as late summer with shipments continuing through the fourth quarter.
The Food and Drug Administration has told the vaccine makers to start developing shots that target the omicron BA.4 and BA.5 subvariants, which are now dominant in the U.S. BA.4 and BA.5 have caused a wave of summer infection because they are more transmissible than past variants.
It’s expecting even more in 2022, with an anticipated $32 billion incoming from its COVID jab and $22 billion for Paxlovid.
Sauce: https://www.cnbc.com/2022/07/28/pfizer-pfe-earnings-q2-2022.html