Posted on 12/05/2021 9:41:07 AM PST by SeekAndFind
New York (CNN Business): Pfizer reported that earnings and sales more than doubled in the past quarter, and it raised its outlook for results the full year, thanks greatly to its Covid-19 vaccine.
The company reported adjusted earnings of $7.7 billion, up 133% from a year earlier. Revenue soared to $24.1 billion, up 134%. Both easily cleared results forecast by analysts.
The vaccine business alone was responsible for more than 60% of the company's sales, as vaccine revenue rose to $14.6 billion from only $1.7 billion a year earlier. The company said its Covid vaccine sales accounted for $13 billion of that revenue. Revenue outside of its Covid vaccine business was up a far more modest 7%.
This year, the Covid vaccine has brought in revenue of $24.3 billion. And Pfizer said it expects a total of $36 billion from the vaccine for all of 2021 -- nearly $12 billion more in revenue the final quarter of the year. And it said based on contracts it now has signed it expects revenue $29 billion from the Covid vaccine in 2022. And that's not necessarily all it will bring in.
"We continue to engage with governments regarding potential additional orders for 2022," said the companu. The company said it now expects full-year 2021 revenue of between $81 billion to $82 billion, up $2 billion from its earlier guidance. It also raised its earnings per share outlook by about 3% to 5% above what it had been expected to earn.
"While we are proud of our financial performance, we are even more proud of what these financial results represent in terms of the positive impact we are having on human lives around the world," said CEO Albert Bourla in his prepared remarks for investors.
(Excerpt) Read more at cnn.com ...
Lots of grease to spread around.
In a secret memo to the Board of Directors, the Pfizer President said:
“Our worldwide campaign of bribing and blackmailing politicians and mass media owners has been an incredible success.”
Meanwhile the anti-vaxxers promoting natural therapeutics are also making millions fearmongering the vaccines.
Disgusting. Snake oil salesmen score biggest con in world history.
I’m sure that Pfauci got his cut.
At the last board meeting....
Let us pray that Joe succeeds with the mandatory vacs..
You can all be assured of big bonuses.
Just act natural when you walk out of this meeting. Don't show any glee at the earnings.
RE: Meanwhile the anti-vaxxers promoting natural therapeutics are also making millions fearmongering the vaccines.
Do you have reliable figures for this?
A Source perhaps? Thanks.
Yet it’s a crime to make a huge profit selling plywood when a hurricane is approaching. Go figure.
RE: Meanwhile the anti-vaxxers promoting natural therapeutics are also making millions fearmongering
Edit to add... are natural therapeutics COMPULSORY and COERCED under the threat of losing your livelihood, your right to travel, to eat at a diner, etc. ?
Wanna bet Fauci was heavily invested?
RE: Yet it’s a crime to make a huge profit selling plywood when a hurricane is approaching.
If a hurricane is approaching and government FORCES YOU to buy a product that might protect your home under threat of losing your livelihood, do you support such a policy?
RE: Lots of grease to spread around.
Interesting tidbit from medical history:
In 1947, [Jonas] Salk was appointed director of the Virus Research Laboratory at the University of Pittsburgh School of Medicine. With funding from the National Foundation for Infantile Paralysis—now known as the March of Dimes Birth Defects Foundation—he began to develop the techniques that would lead to a vaccine to wipe out the most frightening scourge of the time: paralytic poliomyelitis.
….” All developed anti-polio antibodies and experienced no negative reactions to the vaccine.
….” Salk never patented the vaccine or earned any money from his discovery, preferring it be distributed as widely as possible.” -
https://www.salk.edu/about/history-of-salk/jonas-salk/
RE: Wanna bet Fauci was heavily invested?
How can you prove this?
Not many men like that in the world.
How much did Josef Fauci get?
Or even skin sanitizer and masks. When Covid broke out last year here in New York, we had Chuck Schumer holding a press conference in front of this mom and pop store he accused of price gouging skin sanitizer and masks. Funny how he seems to have no issue with Pelosi violating the Stock act of 2012 over and over and over.
Absolutely not! It’s not the government’s job to protect me from my own stupidity. That’s why I also oppose seat belt laws and helmet laws.
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