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Bristol-Myers: 2Q Earnings Snapshot

July 25, 2019

NEW YORK (AP) _ Bristol-Myers Squibb Co. (BMY) on Thursday reported second-quarter profit of $1.43 billion.

On a per-share basis, the New York-based company said it had net income of 87 cents. Earnings, adjusted for non-recurring costs, came to $1.18 per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.06 per share.

The biopharmaceutical company posted revenue of $6.27 billion in the period.

Bristol-Myers expects full-year earnings in the range of $4.20 to $4.30 per share.

Bristol-Myers shares have fallen 17% since the beginning of the year, while the Standard & Poor’s 500 index has risen 20%. The stock has decreased 26% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BMY at https://www.zacks.com/ap/BMY

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