Will Pfizer (PFE) Disappoint this Earnings

Pfizer Inc. (PFE) is set to report third quarter 2013 results on Oct 29, before the opening bell. Last quarter it posted a positive earnings surprise of 3.70%. Let’s see how things are shaping up for this announcement.

This biopharmaceutical company has delivered positive earnings surprises in three of the last four quarters with an average beat of 2.66%.

However, in the third quarter, genericization will continue to hit revenues which will eventually affect the company’s top line. The loss of exclusivity of Lipitor and Revatio/Viagra among others in major markets will weigh heavily on the company’s revenue figure. Read more.