Pharmaceutical company Pfizer said net profit dropped in the fourth quarter of the current year to 12.27 billion, or $ 2.02 per share, compared with 775 million dollars, or 0.13 dollars per share over the same period a year earlier.
Adjusted earnings equaled $ 0.62 per share.
Revenue rose to 13.7 billion from $ 13.63 billion.
Analysts had forecast earnings per share of $ 0.56 and revenue of $ 13.67 billion.
The company expects profit for the year 2018 in the range of 2.9- $ 3 per share compared with analysts ‘ expectations in the amount of $ 2.78 per share.
After the release of quarterly reports in the course of trading on premarket shares of Pfizer rose 1.4%.