(Reuters) - Pfizer Inc
The largest U.S. drugmaker said it earned $2.59 billion (1.61 billion pounds), or 39 cents per share in the quarter, compared with $3.21 billion, or 43 cents per share, in the year-earlier period.
Excluding special items, Pfizer earned 58 cents per share. Analysts, on average, expected 56 cents per share, according to Thomson Reuters I/B/E/S.
Global company sales fell 2 percent to $12.64 billion, hurt by generic competition for cholesterol fighter Lipitor and other medicines. Wall Street had expected sales of $12.7 billion.
Sales of its oncology drugs jumped 24 percent in the quarter to $407 million, in contrast to declining sales of Pfizer's array of specialty care and primary care medicines.
Its shares were little changed in premarket trading.(Reporting by Ransdell Pierson; Editing by Jeffrey Benkoe and Maureen Bavdek)