April 29 (Reuters) -
U.S. drugmaker Pfizer ( PFE ) reported first-quarter profit
above Wall Street estimates on Tuesday, helped by cots cuts and
better-than-expected sales of its heart disease drug, Vyndaqel.
On an adjusted basis, Pfizer ( PFE ) earned 92 cents per share in
the latest quarter, compared with analysts' expectations of 66
cents per share, according to LSEG data.
Investors are closely watching for any potential impact on
Pfizer's ( PFE ) vaccine business and any changes to recommendations for
receiving flu, COVID and other shots under the new health
secretary Robert F Kennedy Jr., a longtime vaccine skeptic.
Pfizer ( PFE ) and other drugmakers are also at risk of proposed
hefty duties on trade partners such as China, which is a key
source of raw ingredients and supplies for the pharmaceutical
and medical device industries.
Shares of the drugmaker, which have fallen 13.1% so far
this year, rose 1% in premarket trading.
It reported total revenue of $13.70 billion for the
first quarter, compared with analysts' expectations of $13.91
billion, according to LSEG data.