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Pfizer Beats Estimates for Second-Quarter Revenue, Earnings per Share

New York-based drugmaker Pfizer (PFE) beat market expectations for revenue and earnings per share in the second quarter on Tuesday.

The group announced adjusted (non-GAAP) earnings per share of 64 cents, slightly ahead of the consensus expectation for earnings of 62 cents per share. This was on revenue of $13.1 billion, also marginally ahead of the forecasted $13.01 billion.

Pfizer stock closed Monday 1.14% higher to $37.31, close to the 2016 high of $37.43. In premarket trading, the stock was dropping by...