Bristol Myers: Fourth Quarter Earnings Overview

Bristol Myers Squibb Reports Strong Fourth Quarter Results

Bristol Myers Squibb, headquartered in Princeton, New Jersey, announced a net income of $1.09 billion for the fourth quarter.

The company reported earnings of 53 cents per share, with adjusted earnings—excluding one-time expenses—reaching $1.26 per share.

These figures exceeded analysts’ expectations, as the consensus among eight Zacks Investment Research analysts had predicted earnings of $1.15 per share.

Quarterly revenue reached $12.5 billion, surpassing the $12.25 billion anticipated by ten Zacks analysts.

Looking ahead, Bristol Myers Squibb projects its full-year earnings to fall between $6.05 and $6.35 per share, with anticipated revenue ranging from $46 billion to $47.5 billion.

Since the start of the year, Bristol Myers Squibb’s stock has risen by nearly 7%, outpacing the S&P 500’s 0.5% gain. However, over the past year, the company’s shares have declined by 2.5%.

This article was created by Automated Insights using information from Zacks Investment Research.