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Pfizer Earnings Soar 46% in Fourth Quarter

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By: TOM BRANNA

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Driven by strong sales of key products, Pfizer Inc. said Wednesday its fourth quarter profit soared 46%, narrowly beating Wall Street estimates.The world’s largest drug company earned $2.86 billion in the October-December period, up from $1.96 billion a year earlier. Excluding merger-related costs, accounting changes and other items, Pfizer earned $2.94 billion. Revenues for the quarter increased 14% to $9.33 billion from $8.18 billion a year earlier.Pfizer predicted earnings per share did...

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