B-MS' quarterly financials exceed estimates
US pharma major Bristol-Myers Squibb (NYSE: BMY) saw its revenue reach $10.8 billion in the first quarter of 2020, ahead of analysts’ expectations averaging $10 billion, according to IBES data from Refinitiv.
The figure is an 82% rise on the first quarter of 2019, but this huge increase is due to the addition of sales from newly-acquired Celgene (Nasdaq: CELG) and money from the divestment of Otezla (apremilast).
Adjusted EPS up 56%
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