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Pfizer (PFE) Stock Up Ahead of Q2 Earnings Report

NEW YORK (TheStreet) -- Shares of Pfizer (PFE) are climbing 1.15% to $37.31 this morning as the company prepares to release its 2016 second quarter earnings report before the market open on Tuesday.

Analysts surveyed by Thomson Reuters are looking for the New York-based global biopharmaceuticals company to report earnings of 62 cents on revenue of $13.01 billion. In the 2015 second quarter, Pfizer reported earnings on 56 cents on revenue of $11.85 billion.

The company announced today that it had acquired gene therapy biotechnology firm Bamboo Therapeutics for $150 million with potential milestone payments.

The deal is meant to expand Pfizer's presence in the...