Pfizer Stock Fell 2.8%. Did Investors Misunderstand the Revenue Guidance?

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https://www.barrons.com/articles/pfizer-stock-fell-2-8-did-investors-misunderstand-the-revenue-guidance-51644354958


Updated Feb. 8, 2022 4:16 pm ET / Original Feb. 8, 2022 4:15 pm ET

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Pfizer shares dropped sharply on Tuesday after the company’s 2022 sales guidance appeared to fall short of expectations.

The guidance that Pfizer (ticker: PFE) presented, however, doesn’t take into account future sales of Pfizer’s Covid-19 vaccine and antiviral, but only sales already made. The number will likely climb upward as the year progresses, suggesting that the selloff on Tuesday may have been based on a misunderstanding.

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