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Biotech / Medical : Pharma News Only (pfe,mrk,wla, sgp, ahp, bmy, lly) -- Ignore unavailable to you. Want to Upgrade?

To: Anthony Wong who wrote (887)	10/9/1998 7:19:00 PM
From: Anthony Wong	Read Replies (1) \| Respond to of 1722

Pfizer 3rd-Q Profit Seen at 57 Cents a Share: Earnings Outlook Bloomberg News October 9, 1998, 5:06 p.m. ET Expected Earnings Pfizer Inc.'s third-quarter earnings are expected to rise to 57 cents a share, the average estimate of analysts polled by First Call Corp. The drugmaker earned 46 cents a share in the year-earlier period. Time Pfizer, maker of the impotence pill Viagra and the antidepressant Zoloft, is expected to release earnings next week. Behind the Numbers Pfizer introduced two drugs this year, Viagra and the antibiotic Trovan. It also has been able to boost sales of its other drugs, such as the depression medicine Zoloft. Pfizer also helps market Warner-Lambert Co.'s blockbuster drug, the cholesterol reducer Lipitor. Introduced in 1997, Lipitor had second-quarter sales of $533 million. New York-based Pfizer intends to shed its medical-device businesses to focus on more profitable drug business. Last month, Pfizer sold two of these units for a combined $2.23 billion. It intends to sell a third medical-device business for $1.9 billion. What the Experts Say ''Look at the fundamentals of Pfizer,'' said Robert Flamm, an analyst with Evergreen Asset Management, which holds about 214,000 shares of the company. ''They're a marketing machine, they're a research machine. They know how to get products out.'' Previous Market Reaction Pfizer rose 2 1/2 to 116 on July 9 when it reported a 38 percent increase in profit, topping estimates. Viagra had an unprecedented U.S. introduction in April. Second-quarter sales reached $411 million as pharmacies stocked up on the drug and magazine and news reports helped raise demand. Market Trend Pfizer has dropped 19 percent to 93 since reporting second- quarter results. In the same period, the Standard & Poor's Drugs Index fell 5.5 percent and the Standard & Poor's 500 Index fell 15 percent. Pfizer fell as reported U.S. Viagra sales declined. Sales peaked at 308,631 prescriptions in the week ended May 8, according to NDC Health Information Services, which monitors pharmacy sales. Viagra sales seem to be increasing again, NDC said. In the week ended Oct. 2, 190,538 Viagra prescriptions were filled, up from 169,946 a week earlier, said NDC, a unit of Atlanta-based National Data Corp. --Kerry Dooley in the Princeton newsroom (609) 279-4016 /mfr

To: Anthony Wong who wrote (887)	10/9/1998 7:24:00 PM
From: Anthony Wong	Respond to of 1722

U.S. Equity Preview: JNJ, PFE Bloomberg News October 9, 1998, 6:12 p.m. ET New York, Oct. 9 (Bloomberg) -- The following is a list of companies whose shares may move in U.S. markets Monday, Oct. 12. U.S. Equity Preview includes news that broke after the markets closed. The stock symbol is in parentheses after the company name. Friday's closing prices are included. Boeing Co. (BA): The world's largest aircraft manufacturer said it won a 10-year, $1.2 billion contract to upgrade systems in a U.S. Air Force fleet of 87 transport planes made by rival Lockheed Martin Corp. (LMT). Boeing rose 1 1/8 to 32. Chrysler Corp. (C): The automaker's third-quarter profit is expected to rise to 87 cents a diluted share from 69 cents in the year-earlier period, according to the average estimate of analysts surveyed by First Call Corp. Chrysler is scheduled to report its results at 8 a.m. New York time on Monday. Chrysler rose 4 3/8 to 41 3/4. Eastman Kodak Co. (EK): The world's largest photography company is expected to earn $1.20 a share in the third quarter, the average estimate of analysts polled by First Call. The company earned 80 cents in the year earlier period. The company is scheduled to release its earnings on Tuesday at 7:30 a.m. New York time. Eastman Kodak rose 3 1/4 to 82 1/16. Johnson & Johnson (JNJ): The medical products company's third-quarter earnings are expected to rise to 70 cents a share, the average estimate of analysts polled by First Call. The company earned 63 cents in the year earlier period. The company is scheduled to release its earnings Tuesday morning. Johnson & Johnson rose 3/16 to 76. Lockheed Martin Corp. (LMT): The second largest defense and aerospace company's Astronautics unit received a $1.3 billion Air Force contract to complete production of the Titan IV space launch rocket line, once one of its most profitable programs, and provide launch services. The contract, which was expected, bankrolls the end of the Titan IV missile line as Lockheed Martin prepares to offer the Air Force a new, cheaper fleet of rockets called the Evolved Expendable Launch Vehicle, or the EELV for launches after 2002. Lockheed rose 6 5/16 to 109 13/16. Movie Gallery Inc. (MOVI): The video rental chain said it will report a wider-than-expected third-quarter loss. The company expects to lose 8 cents to 14 cents a share, wider than the 4- cent average loss estimate of three analysts polled by First Call. It had a loss of 12 cents in the year-earlier quarter. Movie Gallery fell 3/16 to 2 13/16. Oakwood Homes Corp. (OH): The manufactured home company said it's buying back up to $25 million of its common stock from time to time on the open market. Oakwood Homes rose 9/16 to 12. Pfizer Inc. (PFE): The drugmaker's third-quarter earnings are expected to rise to 57 cents a diluted share, the average estimate of analysts polled by First Call. The company earned 46 cents in the year earlier period. Pfizer is expected to release earnings next week. Pfizer rose 3 1/4 to 93. Potlatch Corp. (PCH): The forest products company said it had third-quarter earnings of 43 cents a share, beating the 40- cent average estimate of analysts polled by First Call. The company earned 48 cents in the year-earlier period. Potlatch rose 13/16 to 34 13/16. Starbucks Corp. (SBUX): The largest gourmet-coffee chain is expected to earn 28 cents a share for the fourth quarter ended Sept. 28, the average estimate of analysts polled by First Call. The company earned 22 cents in the year-earlier period. Starbucks is scheduled to report earnings Monday. Starbucks rose 7/8 to 35. --Jeannine DeFoe (609) 279-4096 in the Princeton newsroom/vpw