Pfizer’s Q4 results exceeded earnings and sales estimates, despite a 3% operational revenue decline due to reduced COVID-19 product sales. The company announced positive phase IIb data for its obesity drug PF’3944, acquired from Metsera, which showed robust weight loss. While the stock didn’t see significant gains post-earnings, the article suggests long-term investors focus on Pfizer’s strong fundamentals, particularly its growing oncology segment and strategic acquisitions aimed at rebuilding its pipeline and future revenue growth.
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Should You Buy, Sell or Hold Pfizer Stock After a Lukewarm Q4?
Pfizer’s Q4 results exceeded earnings and sales estimates, despite a 3% operational revenue decline due to reduced COVID-19 product sales. The company announced positive phase IIb data for its obesity drug PF’3944, acquired from Metsera, which showed robust weight loss. While the stock didn’t see significant gains post-earnings, the article suggests long-term investors focus on Pfizer’s strong fundamentals, particularly its growing oncology segment and strategic acquisitions aimed at rebuilding its pipeline and future revenue growth.