Opdivo drives Bristol-Myers Squibb success and helps beat estimates

27 October 2015

Better-than-expected revenues from cancer therapy Opdivo (nivolumab) were a major driver behind Bristol-Myers Squibb (NYSE: BMY) beating third quarter profit estimates.

Bristol-Myers Squibb reported total revenues of $4.07 billion, a 4% increase on the same quarter in 2014. Earnings per share for the quarter were $0.42, slightly down on the $0.43 that Bristol-Myers reported for the third quarter last year.

Figures beat analyst estimates which, on average, had put earnings at $3.86 billion.

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