Pfizer Q4 Earnings Preview: Pain From Patent Expirations To Continue
Pfizer is set to announce its Q4 2012 earnings on Tuesday, January 29. We believe a decline in revenues is on the cards because of patent expiration of Lipitor and Geodon, amongst others. Growth in pain drug Lyrica, however, will partly offset the revenue loss due to patent expiries. Strong growth in emerging markets will also lend support. However, continued strength in U.S. dollar will drag down international revenue growth. For the quarter, we expect gross margins to slightly decline.