Bristol-Myers Squibb BMY reported third-quarter earnings of $1.17 per share Thursday, beating the analyst consensus estimate of $1.07.
The company reported quarterly sales of $6.007 billion, which beat the analyst consensus estimate of $5.9 billion.
Bristol-Myers raised its fiscal year 2019 EPS guidance from a range of $4.20-$4.30 to $4.25-$4.35 against a $4.28 estimate.
"In the third-quarter, we delivered strong business performance and made important progress with our pipeline, including the potential to bring our dual Immuno-Oncology combination to patients with lung cancer, a disease where the unmet need remains high," CEO Giovanni Caforio said in a statement.
"With strong momentum in our R&D and commercial organizations, I am looking forward to the tremendous opportunity when Bristol-Myers Squibb and Celgene come together as one, to deliver innovative medicines and transform patients' lives."
Bristol-Myers Squibb shares were trading slightly higher at $56.90 at the time of publication. The stock has a 52-week high of $57.37 and a 52-week low of $42.48.
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.