Bristol Myers Squibb Upgrades 2021 Adjusted Profit Guidance, Sees Revenue Growth
February 04 2021 - 07:55AM
Dow Jones News
By Matt Grossman
Bristol Myers Squibb Co. Thursday raised its guidance for its
full-year adjusted profit and said it expects revenue growth in
2021.
Bristol said it expects 2021 earnings of $3.12 to $3.32 a share,
and full-year adjusted earnings of $7.35 to $7.55 a share. The
company's previous guidance had called for an adjusted profit of
$7.15 to $7.45 a share.
Analysts surveyed by FactSet had been forecasting an adjusted
profit of $7.46 a share.
World-wide revenue will increase by a percentage in the high
single digits, Bristol estimated. Gross margin will be
approximately 80.5%. The company's gross margin in the fourth
quarter of 2020 was 73.7%.
Write to Matt Grossman at matt.grossman@wsj.com
(END) Dow Jones Newswires
February 04, 2021 07:40 ET (12:40 GMT)
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