Pfizer Posts Weak First Quarter As It Continues To Mull Over A Split

The Big Pharma disappoints investors with a weak first quarter and a failure to come to any decisions about the future structuring of the company. Meanwhile, the company made little progress of note during the quarter.

Pfizer Inc. has not started off 2013 in a strong position with first quarter earnings that disappointed analysts and investors. The world’s largest pharmaceutical company is still pondering how best to structure its massive business as it continues to show signs of wear from generic competition.

The New York-based pharma reported a 9% decline in revenues in the first quarter to $13.5 billion; the operational loss...

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