Pfizer’s Adjusted Q4 Profit Beats View; Forecast Trimmed on Stronger Dollar (PFE)

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Pharmaceuticals giant Pfizer Inc. ( PFE ) on Tuesday posted better-than-expected adjusted fourth quarter earnings, but lowered its full-year 2012 outlook due to currency translation effects stemming from a stronger dollar.

The New York-based company reported fourth quarter net income of $1.44 billion, or 19 cents per share, compared with $2.89 billion, or 36 cents per share, in the year-ago period. Excluding one-time items, adjusted profit was 50 cents per share.

Revenue declined 4% from last year to $16.75 billion.

On average, Wall Street analysts expected a smaller profit of 47 cents per share, on lower revenue of $16.61 billion.

Looking ahead, the company lowered its 2012 adjusted earnings forecast to a range of $2.20 to $2.30 per share, down 5 cents from its prior estimate of $2.25 to $2.35.

Pfizer shares posted modest losses in premarket trading Tuesday.

The Bottom Line
Shares of Pfizer ( PFE ) have a 4.08% dividend yield, based on last night's closing stock price of $21.58. The stock has technical support in the $19 price area. If the shares can firm up, we see overhead resistance around the $22-$24 price levels.

Pfizer Inc. ( PFE ) is not recommended at this time, holding a DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Stocks

Referenced Stocks: PFE

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