Bristol-Myers performing well ahead of Celgene acquisition
In a day of mixed news for Bristol-Myers Squibb (NYSE: BMY), the company revealed an upbeat second-quarter 2019 results statement, fighting earlier pre-market declines on the back of a trial failure in lung cancer.
The New York-based cancer specialist managed to increase second-quarter revenues to $6.3 billion, up 10% on the same period from 2018, and posted second-quarter earnings per share (EPS) of $0.87, following Generally Accepted Accounting Principles (GAAP).
The strong results were driven largely by robust sales for Eliquis (apixaban) and Opdivo (nivolumab) as well as a good performance across the portfolio. Results in the USA were particularly encouraging, with a revenue increase of 14%, to $3.7 billion.
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