Pfizer Posts Largely In-Line 3Q as Recently Launched Products Offset Generic Pressures
Pfizer reported third-quarter results largely in line with both our and consensus expectations, with a little softness on the top line and a little strength on the bottom line, but we are not making any significant changes to our fair value based on the results. Additionally, the bottom-line strength was partly supported by stronger other income, which we don't view as a fundamental driver of growth for the company, but rather a line used more for one-time items. Overall, the largely in-line qua...Pfizer is a research-based biopharmaceutical company. The company is engaged in discovering, developing, manufacturing and distributing of healthcare products, including medicines and vaccines. The company manages its commercial operations through three businesses: Pfizer Biopharmaceuticals Group, which includes Oncology, Inflammation and Immunology, Rare Disease, Hospital, Vaccines and Internal Medicine business units, as well as a hospital business unit; Upjohn, which includes the company's solid oral dose brands such as Lyrica, Lipitor, Norvasc, Celebrex, Viagra, and certain generic medicines; and Consumer Healthcare, which is an over-the-counter medicines business.
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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