Pfizer rises after annual profit forecast raise

Shares of drugmaker Pfizer PFE.N rise 5% to $24.68

Raises FY adjusted EPS guidance by 10 cents at midpoint to $2.90-$3.10 range

Q2 adjusted EPS of 78 cents vs. estimate of 58 cents - data compiled by LSEG

New guidance absorbs almost a 20 cent one-time hit from licensing deal with China's 3SBio 1530.HK

Analysts, on average, expect 2025 profit of $3.02 per share - data compiled by LSEG

Stock down 7.6% YTD