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Barchart
Barchart
Aditya Sarawgi

What to Expect From Bristol-Myers Squibb's Next Quarterly Earnings Report

BMY

Princeton, New Jersey-based Bristol-Myers Squibb Company (BMY) is one of the leading biopharmaceutical companies focused on developing treatments for diseases like cancer, inflammatory, immunologic, cardiovascular, and fibrotic diseases. With a market cap of $89.5 billion, Bristol-Myers’ operations span various countries in the Americas, Europe, and the Indo-Pacific.

The biopharma giant is set to unveil its third-quarter results before the market opens on Thursday, Oct. 30. Ahead of the event, analysts expect BMY to deliver a profit of $1.60 per share, down 11.1% from $1.80 per share reported in the year-ago quarter. On a positive note, the company has a solid earnings surprise history and has surpassed the Street’s bottom-line estimates in each of the past four quarters.

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