NEW YORK--(BUSINESS WIRE)-- Pfizer Inc. (NYSE: PFE) today reported financial results for first-quarter 2011. As a result of Pfizer’s decision to sell the Capsugel(3) business, Capsugel(3) is presented as a discontinued operation in the consolidated statements of income for first-quarter 2011 and first-quarter 2010. Therefore, all revenues and expenses related to Capsugel(3) in both periods are presented in a single line, Discontinued operations - net of tax. Additionally, due to the acquisition of King Pharmaceuticals, Inc. (King), legacy King operations are reflected in first-quarter 2011 results beginning January 31, 2011 in accordance with Pfizer’s domestic and international reporting periods(16), but are not reflected in first-quarter 2010 results.
