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This Healthcare Giant Expects Revenue to Crash More Than 30% This Year

This Healthcare Giant Expects Revenue to Crash More Than 30% This Year

Last year was a stellar one for Pfizer (NYSE: PFE). In January, Pfizer announced not only its latest earnings results but also a forecast for 2023, which tells investors what they already knew was inevitable: a sharp decline in sales is coming. A decline in revenue isn't a shock given that concerns surrounding COVID appear to be fading, but the reason for the soft numbers isn't entirely due to demand.