Pfizer 3Q profit down 70 percent due to charges

Pfizer 3Q profit down 70 percent due to charges Pharmaceutical giant Pfizer Inc.'s mega-acquisition of Wyeth boosted its third-quarter revenue 39 per...


Pfizer 3Q profit down 70 percent due to charges
Pharmaceutical giant Pfizer Inc.’s mega-acquisition of Wyeth boosted its third-quarter revenue 39 percent, but hefty charges and a higher tax rate, both related to that $ 68 billion purchase, dragged its profit down 70 percent, the company said Tuesday.
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