Bristol-Myers Squibb (BMY) Tops Q2 EPS by 17c; Boosts FY15 EPS Outlook
Get Alerts BMY Hot Sheet
Price: $48.99 --0%
Revenue Growth %: +1.4%
Financial Fact:
Net Earnings Attributable to Bristol-Myers Squibb Company: 1.2B
Today's EPS Names:
RUSHA, SEIC, OSBC, More
Revenue Growth %: +1.4%
Financial Fact:
Net Earnings Attributable to Bristol-Myers Squibb Company: 1.2B
Today's EPS Names:
RUSHA, SEIC, OSBC, More
Join SI Premium – FREE
Bristol-Myers Squibb (NYSE: BMY) reported Q2 EPS of $0.53, $0.17 better than the analyst estimate of $0.36. Revenue for the quarter came in at $4.16 billion versus the consensus estimate of $3.71 billion.
SECOND QUARTER BUSINESS DEVELOPMENT UPDATE
- In July, the company and The Medical University of South Carolina announced a translational research collaboration focused on fibrotic diseases, including scleroderma, renal fibrosis and idiopathic pulmonary fibrosis. The collaboration will include studies designed to improve the mechanistic understanding of fibrosis, explore patient segmentation based on disease characteristics and/or biomarker approaches and predictors of disease progression.
Bristol-Myers Squibb sees FY2015 EPS of $1.70-$1.80, versus prior guidance of $1.60-$1.70 and the consensus of $1.77.
Key revised 2015 non-GAAP line-item guidance assumptions include:
- Worldwide revenues between $15.5 and $15.9 billion.
- Full-year gross margin as a percentage of revenues of approximately 76%.
- Advertising and promotion expense increasing in the high-single-digit range.
- Marketing, sales and administrative expenses decreasing in the low- to mid-single-digit range.
- Research and development expenses increasing in the mid-single-digit range.
- An effective tax rate of approximately 19%.
For earnings history and earnings-related data on Bristol-Myers Squibb (BMY) click here.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Humana (HUM) surges on Q1 beat, reiterated adjusted earnings outlook
- Wabash National (WNC) Misses Q1 EPS by 7c ; Offers Guidance
- Hasbro (HAS) brand strength sees earnings top expectations
Create E-mail Alert Related Categories
Earnings, Guidance, Hot Earnings, Hot GuidanceRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!