Pfizer posts 9 percent rise in first-quarter profit

April 30, 2019

(Reuters) – U.S. drugmaker Pfizer Inc reported a 9 percent rise in quarterly profit on Tuesday, helped by sales of breast cancer drug Ibrance and pneumonia vaccine Prevnar.

The company said net income rose to $3.88 billion, or 68 cents per share, in the first quarter, from $3.56 billion, or 59 cents per share, a year earlier.

Revenue rose to $13.12 billion from $12.91 billion last year.

(Reporting by Tamara Mathias in Bengaluru; Editing by Saumyadeb Chakrabarty)

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