Talk of The Villages Florida - View Single Post - Is Pfizer making too much money from COVID?
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Old 02-28-2023, 04:19 PM
MrLonzo MrLonzo is offline
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Quote:
Originally Posted by Jayhawk View Post
It comes directly from the Pfizer board:

https://www.businesswire.com/news/ho...NCIAL-GUIDANCE

Dr. Albert Bourla, Chairman and Chief Executive Officer, stated: “2022 was a record-breaking year for Pfizer, not only in terms of revenue and earnings per share, which were the highest in our long history, but more importantly, in terms of the percentage of patients who have a positive perception of Pfizer and the work we do. As proud as we are about what we have accomplished, our focus is always on what is next. As we turn to 2023, we expect to once again set records, with potentially the largest number of new product and indication launches that we’ve ever had in such a short period of time.

Based on this, I don't see why your complaint is with the news sources.

Yes, you’re right, EPS perked up in 2022. I was only looking at the financials through 2021, which included 2 years of COVID vaccine development. But the recent earnings report in January show much higher revenues and EPS for 2022, which is why I keep scratching my head as to why the stock price keeps going down. And why the media (not just Fox) vilifies Pfizer for getting paid to do what the government asked them for at a time everyone was so desperate.