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Headline : Bristol Myers Squibb beats earnings estimates, raises outlook as drugmaker slashes costs 

Read more from the original article on here at www.cnbc.com.






Tags : #bristol #myers #squibb #beats #earnings #estimates #raises #outlook #drugmaker #slashes #costs


No. of Paragraph 24

Bristol Myers Squibb on Friday reported second-quarter earnings and revenue that topped expectations and raised its full-year guidance as the drugmaker moves to slash costs.

The pharmaceutical giant raised its full-year revenue forecast to an increase in the "upper end" of the low single-digit range. That compares with its previous guidance in April of a low single-digit increase in sales. 

The company also raised its 2024 adjusted earnings guidance to 60 cents to 90 cents per share, up from a previous forecast of 40 cents to 70 cents per share. 

Shares of Bristol Myers rose nearly 8% on Friday.

Read more from the original article on here at www.cnbc.com.


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