Bristol-Myers: 3Q Earnings Snapshot

Bristol-Myers Squibb Co. (BMY) on Thursday reported third-quarter earnings of $1.9 billion.

The New York-based company said it had net income of $1.16 per share. Earnings, adjusted for non-recurring gains, were $1.09 per share.

The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 91 cents per share.

The biopharmaceutical company posted revenue of $5.69 billion in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $5.72 billion.

Bristol-Myers expects full-year earnings in the range of $3.80 to $3.90 per share.

Bristol-Myers shares have decreased 20 percent since the beginning of the year, while the Standard & Poor's 500 index has fallen roughly 1 percent. The stock has declined 23 percent in the last 12 months.

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This story was generated by Automated Insights using data from Zacks Investment Research. Access a Zacks stock report on BMY at https://www.zacks.com/ap/BMY