Exterior view of the Pfizer headquarters building on January 29, 2023 in New York City. View Press | Corbis News | Getty ImagesPfizer on Tuesday hiked its full-year adjusted profit guidance on its cost cuts and strong business performance this year.The company also reported second-quarter results that topped Wall Street’s estimates for the period, as revenue from its Covid products and some other drugs jumped.Shares of Pfizer rose more than 2% in premarket trading on Tuesday.Pfizer now expects full-year adjusted profit to come in between $2.90 to $3.10, up from a previous guidance of $2.80 to $3 per share. The company maintained its 2025 revenue forecast of $61 billion to $64 billion.”We raised our full-year 2025 Adjusted diluted EPS guidance, demonstrating confidence in our ability to execute against our strategic priorities and deliver strong results for shareholders,” Pfizer CFO David Denton said in a release. The full-year outlook includes a one-time charge of $1.35 billion, or 20 cents per share, related to the company’s licensing deal with 3SBio, a Chinese drugmaker, to develop and sell its cancer treatment outside of China. That charge will be recorded in the third quarter, Pfizer said. The results also come as Pfizer and other drugmakers grapple with President Donald Trump’s calls to lower drug prices in the U.S. and brace for his planned tariffs on pharmaceuticals imported into the country.Pfizer’s outlook accounts forTrump’s currently imposed tariffs on China, Canada and Mexico, as well as potential drug price changes this year based on a letter from the president last week calling on Pfizer to take steps to lower drug prices by Sept. 29. The letter came after Trump in May signed an executive order reviving a controversial plan, the “most favored nation” policy, that aims to slash drug costs by tying the prices of some medicines in the U.S. to the significantly lower ones abroad.Pfizer’s release on Tuesday did not provide specific costs for those factors. In April, Pfizer executives said the company’s 2025 guidance at the time included $150 million in expected costs from Trump’s existing tariffs, but not sector-specific levies.Here’s what the company reported for the second quarter compared with what Wall Street was expecting, based on a survey of analysts by LSEG: Earnings per share: 78 cents adjusted vs. 58 cents expectedRevenue: $14.65 billion vs. $13.56 billion expectedFor the second quarter, Pfizer booked net income of $2.91 billion, or 51 cents per share. That compares with net income of $41 million, or 1 cent per share, during the same period a year ago. Excluding certain items, includin …
