Tuesday, August 1, 2023

Bristol-Myers Squibb Slashes FY23 Outlook As Q2 Results Miss Estimates

While reporting financial results for the second quarter on Thursday, biopharmaceutical company Bristol-Myers Squibb Co. (BMY) slashed its adjusted earnings and revenue growth guidance for the full-year 2023, primarily due to lower than expected sales of Revlimid, and to a lesser extent, Pomalyst.

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