Wyeth's revenue fails to combat income downturn
This article was originally published in Scrip
Executive Summary
Wyeth has posted 1% drop in third-quarter income to $1.14 billion, but the decline has slowed from the 6% decrease registered in the second quarter. Total net revenues increased by 4% to $5.8 billion, aided by a favourable foreign exchange effect of 2% in the third quarter and 1% in the year-to-date.