PRINCETON, N.J. (AP) — PRINCETON, N.J. (AP) — Bristol Myers Squibb Co. (BMY) on Thursday reported second-quarter net income of $3.32 billion.
The Princeton, New Jersey-based company said it had net income of $1.62 per share. Earnings, adjusted for non-recurring costs, came to $2.04 per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.59 per share.
The biopharmaceutical company posted revenue of $12.97 billion in the period, which also beat Street forecasts. Seven analysts surveyed by Zacks expected $11.67 billion.
Bristol Myers expects full-year earnings in the range of $6.75 to $7 per share, with revenue in the range of $49 billion to $50 billion.
Bristol Myers shares have climbed 17% since the beginning of the year, while the S&P’s 500 index has climbed nearly 7%. The stock has increased 35% in the last 12 months.
_____
This story was generated by (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a at https://www.zacks.com/ap/BMY
Copyright © 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
