Pfizer beats profit estimates, investors eye experimental drugs

[riky]

Pfizer beats profit estimates, investors eye experimental drugs

<p><a href="http://news.yahoo.com/pfizer-beats-fourth-quarter-forecasts-sales-121911951--finance.html"><img src="http://l1.yimg.com/bt/api/res/1.2/qZK3UKMbNf3zN_MuPY98wA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2014-01-28T190823Z_2_CBREA0R0Y8500_RTROPTP_2_CBUSINESS-US-PFIZER-RESULTS.JPG" width="130" height="86" alt="The Pfizer logo is seen next to a U.S. flag in a conference room at their world headquarters in New York" align="left" title="The Pfizer logo is seen next to a U.S. flag in a conference room at their world headquarters in New York" border="0" /></a>Pfizer Inc reported better-than-expected fourth-quarter results on Tuesday, helped by higher sales of drugs for cancer, nerve pain and arthritis, and forecast 2014 earnings in line with Wall Street estimates. The biggest U.S. drugmaker said it earned $2.57 billion, or 40 cents per share, in the fourth quarter. Excluding special items, Pfizer earned 56 cents per share. Schott said investors remain focused mainly on the company's pipeline of experimental drugs, including a treatment for advanced breast cancer called palbociclib and studies to determine whether Pfizer's blockbuster Prevnar vaccine against pneumococcal bacteria can prevent pneumonia in adults age 65 and older.</p><br clear="all"/>

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