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Pfizer Q4 2024 Earnings: Beat Estimates, Stock Flat on Revenue Gains

Pfizer's Q4 2024 earnings beat expectations, with revenue up 7% YoY to $63.6B and EPS of $3.12 exceeding estimates. The company is downsizing to offset waning COVID-19 product revenue, targeting $4.5B in savings by 2025. Despite headwinds such as patent expirations and Medicare price negotiations, Pfizer aims to enhance shareholder value through R&D productivity and strategic priorities.