Bristol Myers offers strong earnings but cautious outlook

6 February 2025

Bristol Myers Squibb (NYSE: BMY) reported stronger-than-expected earnings for the fourth quarter and full year of 2024, but rising generic competition and acquisition-related costs cloud the picture.

The pharmaceutical giant posted fourth-quarter revenue of $12.3 billion, an 8% increase from the previous year. Earnings per share (EPS) fell 95% to $0.04. For the full year, revenue rose 7% to $48.3 billion, and there was a $4.41 loss per share.

Strategic overhaul

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