Unused stockpiles of COVID-19 treatment Paxlovid and muted demand for the same illness' vaccine weighed down on Pfizer's (PFE) third quarter earnings.

The company reported a net loss of $2.38 billion or 42 cents a share.1 The adjusted diluted loss was 968 million or 17 cents a share. Revenue fell 42% compared to the prior-year quarter to $13.2 billion.

Armstrong Economics offers a unique perspective intended to educate the general public and organizations on the underlying trends within the global economic and political environment. Our mission is to research historical cyclical patterns and market behavior in timing, price, and crisis to better understand and identify potential future trends, using an extensive monetary database and advanced proprietary models.Show more

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