Pfizer&#39;s Earnings Rise on Lower Costs, Lipitor Sales
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Pfizer Inc., the world&#39;s largest drugmaker, said third-quarter earnings jumped 49 percent after merger-related expenses fell and sales of the cholesterol treatment Lipitor rose.
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The health care products maker posted higher profit in the fourth quarter versus year-earlier results that were reduced by acquisition charges for Kos Pharmaceuticals.
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Wyeth  on Thursday said its  second-quarter earnings rose on higher sales of its  prescription drugs.
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Pfizer Inc  on Wednesday reported a higher-than-expected fourth-quarter profit, helped by lower taxes, a weak dollar and growing demand for its drugs for nerve pain, kidney cancer and smoking cessation.
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U.S. stocks rose on Monday as corporate takeovers and lower oil prices boosted optimism about the outlook for corporate profits, overshadowing a slide in Pfizer Inc.'s shares.
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Pfizer Inc, Novartis AG and Wyeth all  saw quarterly earnings hit by charges on Thursday, while Eli  Lilly and Co exceeded Wall Street expectations as third-quarter  sales of several of its drugs outpaced analysts' estimates.
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Pfizer Inc. PFE.N , the world's  largest drug company, on Wednesday said fourth-quarter earnings  rose, helped by strong sales of cholesterol treatment Lipitor  and other medicines.
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Walgreen Co. WAG.N on Monday posted a  30.5 percent rise in quarterly profit, boosted by sales of  generic drugs and digital photo processing, sending its shares  to a nearly three-year high.
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Procter & Gamble Co. PG.N  on  Wednesday posted higher quarterly profit, boosted by sales of  new products and continued gains in developing markets.
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Pfizer Inc.  on Wednesday reported lower-than-expected quarterly earnings on competition with generics, and said global sales of cholesterol fighter Lipitor fell 13 percent amid slipping demand for the company's flagship product.
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Johnson &amp; Johnson  on Tuesday  said its second-quarter profit rose on higher sales of its  medical devices and prescription medicines.
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Pfizer Inc. , the world's biggest drugmaker, on Wednesday said third-quarter earnings rose on higher sales of key medicines.
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Pfizer Inc. PFE.N, the world's  biggest drugmaker, on Wednesday said third-quarter earnings  rose on higher sales of key medicines.
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Walgreen Co  reported a better-than-expected rise in quarterly profit on Friday as cost controls offset weak sales of flu medications and a recall of cold medicines, sending the drugstore chain's shares up 7 percent.
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European equities moved higher on Wednesday thanks to a number of solid earnings releases, but gains were capped by losses in the heavily weighted pharmaceuticals sector.
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Merck & Co  reported a better-than-expected profit on Monday, helped by sales of its vaccines and cholesterol drugs, and raised its 2007 profit forecast.
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Costco Wholesale Corp.&#39;s earnings rose 24 percent in its latest quarter, lifted by improvement in both net sales and membership fees which more than offset a minor accounting charge.