B-MS dips as results reveal mixed bag

25 October 2018

Shares in US pharma major Bristol-Myers Squibb (NYSE: BMY) were down by 2% in the opening half hour of trading on Thursday after the company announced a mixed set of financial results for the third quarter of 2018.

Net earnings for the quarter were expected by analysts to be around $0.85 per share, but they hit $1.16, which is more than double the figure for the same period in 2017.

Revenues were $5.7 billion, an increase of 8% on a year ago, though marginally below analysts’ predictions.

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