While it represented the second - consecutive quarter of decline, the adjusted figure
topped consensus expectations by roughly a nickel, thanks to higher gross margins and better - than - anticipated growth in revenues.
Not exact matches
The adjusted tally beat
consensus expectations by a few pennies, but this appeared to be largely overshadowed by a sizable
top - line miss, as shares of PFE are trading modestly lower on the release.
That
top line was well below the
consensus estimate of $ 244.5 million in sales, while the bottom - line result was in line with the Street's
expectations.
According to Bell's data, 77 % of the S&P 500 companies that have reported thus far have
topped consensus analyst forecasts, while 73 % have beaten
expectations for revenue.