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AZ Central

Pfizer Q4 net jumps on sale of nutrition business

January 29, 2013

NEW YORK -- Pfizer Inc.'s fourth-quarter profit more than quadrupled, despite competition from generic drugs hurting sales, because of a $4.8 billion gain from selling its nutrition business. The world's biggest drugmaker said Tuesday that its net income was $6.32 billion, or 85 cents per share, up from $1.44 billion, or 19 cents per share, a year earlier.

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