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Pfizer revenue and profits decline

Drugmaker Pfizer, Inc., said Tuesday its third quarter revenue and profits declined compared to the same period in 2014.

Drugmaker Pfizer, Inc., said Tuesday its third quarter revenue and profits declined compared to the same period in 2014.

Pfizer, which is based in Manhattan and has operations in Collegeville, Montgomery County, said its revenue fell from $12.36 billion in the third quarter of 2014 to $12.09 billion in the same period this year.

Pfizer said its profit dropped from $2.66 billion for the third quarter of 2014 to $2.13 billion for the third quarter of this year, inpart because of drug patent expirations.

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