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Pfizer misses estimates

April 17 (Bloomberg) -- Pfizer Inc., the world's biggest drugmaker, said profit fell 18 percent, missing analysts' estimates, on generic competition to its cholesterol pill Lipitor and blood pressure drug Norvasc.

Pfizer dropped as much as 4.4 percent in early New York trading. First-quarter net income declined to $2.8 billion, or 41 cents a share, the New York-based company said today in a statement. Profit excluding some items missed analysts' estimates by 5 cents.