financetom
Business
financetom
/
Business
/
Bristol-Myers Squibb Q3 Non-GAAP Earnings Fall, Revenue Rises; 2024 EPS Guidance Lifted
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Bristol-Myers Squibb Q3 Non-GAAP Earnings Fall, Revenue Rises; 2024 EPS Guidance Lifted
Nov 3, 2024 3:31 PM

07:44 AM EDT, 10/31/2024 (MT Newswires) -- Bristol-Myers Squibb ( BMY ) reported Q3 non-GAAP earnings Thursday of $1.80 per diluted share, down from $2 a year earlier.

Analysts polled by Capital IQ expected $1.50.

Total revenue for the quarter ended Sept. 30 was $11.89 billion, up from $10.97 billion a year earlier.

Analysts surveyed by Capital IQ expected $11.25 billion.

For 2024, the biopharmaceutical company said it now expects non-GAAP diluted EPS of $0.75 to $0.95, up from its prior guidance for $0.60 to $0.90. Analysts polled by Capital IQ expect $0.71.

Bristol-Myers shares were up 2.8% in recent premarket activity.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Fed to Proceed With Consecutive Rate Cuts At Least Through December, Goldman Says
Fed to Proceed With Consecutive Rate Cuts At Least Through December, Goldman Says
Nov 4, 2024
03:37 PM EST, 11/04/2024 (MT Newswires) -- The Federal Reserve is expected to continue cutting interest rates at least through December, with speculation about a potential pause seen are premature, Goldman Sachs said Monday. In September, the central bank's Federal Open Market Committee lowered interest rates by 50 basis points to a range of 4.75% to 5%, its first cut...
Gap's Seen Facing Q3 Earnings Miss, Triggering 'Negative Catalyst' for Stock, UBS Says
Gap's Seen Facing Q3 Earnings Miss, Triggering 'Negative Catalyst' for Stock, UBS Says
Nov 4, 2024
03:47 PM EST, 11/04/2024 (MT Newswires) -- Gap (GAP) faces a fiscal Q3 earnings miss amid lackluster sales trends and an increase in promotions from the previous quarter, while full-year guidance probably will be unchanged, triggering a negative catalyst for the stock, UBS Securities said Monday in a report. Earings in Q3 may be $0.54 a share, trailing the consensus...
Exclusive-Silver Lake, Bain prepare to bid for multi-billion stake in Intel's Altera unit, sources say
Exclusive-Silver Lake, Bain prepare to bid for multi-billion stake in Intel's Altera unit, sources say
Nov 4, 2024
(Reuters) - Buyout firms Silver Lake and Bain Capital are among the potential suitors that are likely to compete to acquire a minority stake in Altera, the programmable chips business that Intel ( INTC ) acquired for nearly $17 billion in 2015, according to people familiar with the matter. Intel ( INTC ), which has already taken steps to spin...
Trump's new tariff proposal could cost Americans $78 bln in annual spending, NRF study shows
Trump's new tariff proposal could cost Americans $78 bln in annual spending, NRF study shows
Nov 4, 2024
Nov 4 (Reuters) - U.S. shoppers could lose up to $78 billion in annual spending power annually if presidential candidate Donald Trump's new tariffs proposal on imports are implemented, a study from the National Retail Federation (NRF) showed on Monday. ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved