Pfizer shares dropped sharply on Tuesday after the corporate’s 2022 gross sales steerage appeared to fall in need of expectations.

The steerage that Pfizer (ticker: PFE) introduced, nevertheless, doesn’t consider future gross sales of Pfizer’s Covid-19 vaccine and antiviral, however solely gross sales already made. The quantity will possible climb upward because the yr progresses, suggesting that the selloff on Tuesday could have been primarily based on a misunderstanding.

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