XPEV - Pfizer Issues FY24 Forecast Joins Target Hospitality Southwest Airlines And Other Big Stocks Moving Lower On Wednesday | Benzinga
U.S. stocks traded mostly higher, with the Nasdaq Composite gaining around 40 points on Wednesday.
Shares of Pfizer Inc. (NYSE: PFE) shares fell sharply during Wednesday’s session after the company provided FY24 guidance.
For FY24, the pharma giant expects revenue of $58.5 billion-$61.5 billion, including the expected contribution from the Seagen acquisition versus the consensus of $63.17 billion. The company forecasts FY24 adjusted diluted EPS guidance of $2.05-$2.25, including the expected impact of the Seagen acquisition, compared to the consensus of $3.17.
Pfizer shares tumbled 8.8% to ...