Two key approvals in strong first quarter for Bristol Myers Squibb

29 April 2022

Outpacing analysts' expectations, New York–based cancer giant Bristol Myers Squibb (NYSE: BMY) has reported first quarter 2022 revenues of $11.6 billion, a 5% increase from the $11 billion achieved in the same period of 2021.

Following Generally Accepted Accounting Principles (GAAP), the earnings per share (EPS) result was $0.59, down from $0.89 in 1st-qtr 2021.

The Financial Times consensus revenue forecast for the period was $11.36 billion and non-GAAP EPS expectations were also lower than the actual result, at $1.91 and $1.96, respectively.

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