Pfizer Q4 net profit jumps four-fold
Associated Press : New York, Wed Jan 30 2013, 10:12 hrs
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Pfizer Inc says its fourth-quarter profit more than quadrupled, despite competition from generic drugs hurting sales, because of a $4.8 billion gain from selling its nutrition business.
The world's biggest drugmaker says its net income was $6.32 billion, or 85 cents per share, up from $1.44 billion, or 19 cents per share, a year earlier. Excluding one-time items, the Viagra maker would have had a profit of $3.51 billion, or 47 cents per share.
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