Bristol Myers: Q3 Earnings Snapshot

PRINCETON, N.J. (AP) — PRINCETON, N.J. (AP) — Bristol Myers Squibb Co. (BMY) on Thursday reported third-quarter net income of $2.16 billion.

On a per-share basis, the Princeton, New Jersey-based company said it had net income of $1.05. Earnings, adjusted for non-recurring costs, were $1.35 per share.

The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.21 per share.

The biopharmaceutical company posted revenue of $13.07 billion in the period, which also topped Street forecasts. Seven analysts surveyed by Zacks expected $12.56 billion.

Bristol Myers expects full-year earnings in the range of $6.35 to $6.55 per share, with revenue in the range of $49.75 billion to $50.25 billion.

Bristol Myers shares have increased 12% since the beginning of the year, while the S&P's 500 index has risen 13%. The stock has increased 41% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BMY at https://www.zacks.com/ap/BMY