Bristol-Myers Squibb (BMY) stock slips despite earnings beat
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Bristol Myers Squibb Reports First Quarter Financial Results for 2024
April 25, 2024 6:59 AM EDTPerformance Reflects Execution and Actions to Strengthen the Company's Long-Term Growth Profile
First Quarter Revenues were $11.9 Billion, increasing 5% (+6% Adjusting for Foreign Exchange) Growth Portfolio Revenues were $4.8 Billion, increasing 8% (+11% Adjusting for Foreign Exchange) Strengthened Long-Term Growth Profile Through Completion of Karuna Therapeutics, RayzeBio, Mirati Therapeutics, and SystImmune Transactions Including the One-Time Net Impact of Acquired IPRD Charges and Licensing Income of $(6.30) From Recently Closed Transactions, GAAP Loss Per Share was $(5.89); Non-GAAP Loss Per Share was $(4.40) Achieved U.S.... More