BMY - Bristol Myers Squibb Swings To Quarterly Loss After String Of Multi-Billion Acquisitions | Benzinga
Thursday, Bristol Myers Squibb & Co (NYSE:BMY) posted first-quarter revenues of $11.9 billion, beating the consensus of $11.5 billion, an increase of 5% year-over-year, or 6% when adjusted for foreign exchange impacts, primarily driven by Eliquis, Reblozyl, and Opdualag, partially offset by Opdivo and Revlimid.
Growth Portfolio worldwide revenues increased to $4.8 billion, up 8% or 11% when adjusted for foreign exchange impacts.
This increase was primarily driven by higher demand for Reblozyl, Opdualag, Yervoy, Camzyos, and Sotyktu, partially offset by Opdivo and Abecma.
Revenues for the Legacy Portfolio in the first quarter were $7.1 billion, primarily driven by a 9% increase in Eliquis worldwide revenues on a reported basis and, when adjusted for foreign exchange ...