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Pfizer’s 2Q profit sinks 79 pct but tops forecasts
San Francisco Chronicle

Pfizer’s second-quarter earnings plunged 79 percent from last year, when the world’s second-largest drugmaker booked a business spinoff gain of more than $10 billion. The latest results still edged analyst expectations.

The New York company said Tuesday it earned $2.91 billion, or 45 cents per share, in the quarter. That compares with earnings of $14.1 billion, or $1.98 per share, last year. Adjusted earnings totaled 58 cents per share.

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