Bristol-Myers Squibb (BMY) Misses Q2 EPS by 23c, Lowers Guidance

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Go back to Bristol-Myers Squibb (BMY) Misses Q2 EPS by 23c, Lowers Guidance

Bristol Myers Squibb Reports Second Quarter Financial Results for 2023

July 27, 2023 6:59 AM EDT

Reports Second Quarter Revenues of $11.2 Billion Posts Second Quarter GAAP Earnings Per Share of $0.99 and Non-GAAP EPS of $1.75; Includes Net Impact of ($0.05) Per Share for GAAP and Non-GAAP EPS Due to Acquired IPRD Charges and Licensing Income Reports Second Quarter Revenue Growth for In-Line Products and New Product Portfolio of 4% Progresses Portfolio and Pipeline with Significant Regulatory and Clinical Milestones Achieved Revises Outlook for Total Revenues to Low Single-Digit Decline, GAAP EPS to $3.72-$4.02, and Non-GAAP EPS to $7.35-$7.65 Due to Lower Expected Revenues for Revlimid and... More