Tomi Kilgore is MarketWatch's deputy investing and corporate news editor and is based in New York. You can follow him on Twitter @TomiKilgore.
Shares of Pfizer Inc. PFE, +1.46% edged up 0.1% in premarket trading Tuesday, after the drug maker reported that it swung to a wider-than-expected third-quarter loss and revenue fell more than forecast, amid weakness in COVID products, but still affirmed its full-year outlook. The company swung to a net loss of $2.38 billion, or 42 cents a share, from net income of $8.61 billion, or $1.51 a share, in the year-ago period.
The company affirmed its recently lowered 2023 outlook for adjusted EPS of $1.45 to $1.65 and for revenue of $58 billion to $61 billion. “With a significant uncertainty removed by our recently announced amended Paxlovid supply agreement with the U.S.
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