Bristol-Myers posts strong final quarter results

6 February 2020

Bristol-Myers Squibb (NYSE: BMY) has posted fourth-quarter 2019 revenues of $7.9 billion, an increase of 33%, the jump mainly due to the purchase of oncology specialist Celgene, which closed in November 2019.

Full-year revenues were $26.1 billion, up from $22.5 billion the year before, and well in excess of the $24.3 billion analysts had expected.

Following generally accepted accounting principles (GAAP), a loss of $0.55 per share was reported for the final quarter. For the full year, earnings per share were $2.01.

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