Should i buy Wyeth stock. Is it a good time to buy Wyeth stock after earnings in 2009. But first off we must ask ourselves. Is Wyeth a good stock to buy.
The pharmacist Wyeth Wednesday reported a jump of 13 percent in earnings for the second quarter, beating Wall Street forecasts, as cost cuts overcame lower sales due to generic competition and the strong dollar. The manufacturer of children 's vaccine Prevnar and antidepressant Effexor also increased its forecast for 2009 profits. Madison, N. j. - Based Wyeth, the world ', and pharmaceutical companies in the issue of s 12 by sales, are bought at the end of this year by Pfizer Inc pharmacist.
Wyeth said its net income amounted to $ 1.27 billion, or 94 cents per share. That 's up to $ 1.12 billion, or 83 cents a share, a year earlier. The manufacturer of children 's vaccine Prevnar and Effexor antidepressant indicated that without a $ 44.9 million in restructuring costs and $ 21.2 million in costs for the acquisition by Pfizer, the net income would have been 98 cents per share. It was 13 cents more than Wall Street expected. Income was down 4 percent, to $ 5.7 billion from $ 5.95 billion, because the strong dollar has reduced global income by about 6 points. Is Wyeth stock a good buy. Is this a good time to invest in Wyeth.
Analysts at Thomson Reuters were expecting earnings per share of 85 cents and revenue of $ 5.58 billion. Meanwhile, Wyeth raised its expected 2009 earnings to a range of $ 3.48 to $ 3.58 per share, a range of $ 3.33 to $ 3.53. Does this make . The best time time to buy Wyeth stock? Monday, Wyeth shareholders voted to approve primarily the case of Pfizer, which still requires approval by antitrust regulators in the United States and some other countries. The two companies are working to sell parts of their animal health companies to win approval. Should I buy Wyeth or not. This depends on your love and tolerance for pharmaceutical stocks.
