Pfizer has 0.5% weight in the Dow

Earnings will heat up today with Apple due after the close today. Starbucks will also report today along with 3M.

But before then Pfizer (a Dow stock with 0.5% weight in the Dow) is out with earnings.

  • Adj. Eps $0.55 vs $0.57 estimate. Miss.
  • Revenue 12.688B vs 12.608B est. A beat.
  • Sees 2020 adjusted earnings per share of $2.82 versus $2.90 estimate
  • sees 2020 revenues $48.5 billion to $50.5 billion versus estimate of $49.71 billion

The overall stock market is recovering after the sharp fall yesterday.

The futures are implying:

  • Dow, +80 points
  • S&P, +9 points
  • NASDAQ +48 points