Pfizer

on Tuesday hiked its full-year adjusted profit guidance on its cost cuts and strong business performance this year.

The company also reported second-quarter results that topped Wall Street’s estimates for the period.

Pfizer now expects full-year adjusted profit to come in between $2.90 to $3.10, up from a previous guidance of $2.80 to $3 per share.

The company maintained its 2025 revenue forecast of $61 billion to $64 billion.