Shares soar on BMS’ rosy quarter

31 October 2024

An impressive set of quarterly financial results and an improved outlook for the rest of the year were announced by Bristol Myers Squibb (NYSE: BMY) on Thursday.

Shares in the US pharma giant were nearly 4% higher in early afternoon trading in New York, as investors reacted to the third-quarter results.

Total revenue for the quarter was $11.89 billion, up 8% on the same period of a year ago and well ahead of the $11.28 billion predicted by analysts.

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