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Home Illinois News

Pfizer Q1 Revenues Jump 77% to $25 Billion on COVID-19 Vaccine

Illinois Review by Illinois Review
May 6, 2022
in Illinois News
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Pfizer reported another quarter of huge revenues growth because of its COVID-19 vaccine on Tuesday, but lowered the company's full-year profit forecast due in part to shifts in foreign exchange.

The major American drugmaker reported revenues of $25.7 billion for the first quarter, up 77 percent from the year-ago period, with the COVID vaccine taking in $13.2 billion.

Net income jumped 61% to $7.9 billion.

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