B-MS beats estimates thanks to advance of Eliquis

5 February 2018

US pharma major Bristol-Myers Squibb (NYSE: BMY) was on its way up in pre-market trading on Monday after reporting its fourth-quarter and full-year 2017 results.

The drugmaker recorded revenue for the quarter of $5.45 billion where analysts had estimated around $5.31 billion. The figure was 4% higher than in the same period of 2016.

Earnings per share (EPS), excluding special items, were $0.68 for the quarter, compared to estimates of $0.67 and the $0.63 of the 2016 period. EPS using generally accepted accounting principles (GAAP) showed a loss of $1.42, something attributed to the US tax reforms.

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