Bristol-Myers Misses On All Fronts
Bristol-Myers Squibb Company’s (NYSE:BMY) fourth quarter 2011 earnings (excluding special items) of $0.53 per share fell short of the Zacks Consensus Estimate by $0.02. Adjusted earnings in the final quarter of 2011 were above the year-ago earnings by $0.06. Higher than expected expenses led to the earnings miss in the reported quarter. On a reported [...]
Bristol-Myers Squibb Company’s (NYSE:BMY) fourth quarter 2011 earnings (excluding special items) of $0.53 per share fell short of the Zacks Consensus Estimate by $0.02. Adjusted earnings in the final quarter of 2011 were above the year-ago earnings by $0.06. Higher than expected expenses led to the earnings miss in the reported quarter.
On a reported basis (including special items), Bristol-Myers’ earnings in the quarter increased 79% to $0.50 per share. The healthcare reform negatively … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards