Pfizer now expects adjusted earnings to be nearly $21 billion this year, 40% more than what it would have earned without Covid-19 vaccine revenue. That leaves a big bottom-line windfall. Pfizer appears to have fewer side effects and be more effective than some vaccinesIt could leave the company with a cash windfall, though. Perhaps caution is prudent, as the pandemic won’t be here forever.
Yet the need to provide boosters means some durable vaccine demand, according to Chief Executive Albert Bourla. That likely leaves enough left over for shareholders as a gesture of appreciation for the upfront funding of the pharmaceutical muscle against Covid.
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