Pfizer Boosts Outlook and Names Longtime Leader as CFO
Pfizer raised its profit outlook for the year and chose a trusted insider to lead its finance team.
Pfizer wants to show that its best days are ahead. The drugmaker sees strong times coming as fresh medicines reach more patients.
The company raised its financial forecast for the full year. Rising sales from new products helped lift those expectations. Leaders believe these fresh treatments will keep the business growing.
Pfizer also picked Cecile Guegan as its new chief financial officer. She worked at the company for twenty years in different leadership roles. Her long history gives the firm a steady guide for its money.
Big drug companies touch millions of retirement accounts. Higher sales goals and an experienced leader show that Pfizer is finding solid ground again.
Source: CNBC
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