Bristol Myers Stock Climbs After Strong Q2 Beat and Raised Guidance

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Source: Barron's
Bristol Myers Stock Climbs After Strong Q2 Beat and Raised Guidance
Photo: Barron's
TL;DR Summary

Bristol Myers Squibb beat expectations on second-quarter adjusted earnings and revenue and lifted its full-year guidance to $49–$50 billion as newer therapies offset declines in legacy drugs; Eliquis grew 21% to $4.48 billion, contributing to the beat and helping lift the stock.

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