NEW YORK (AP) _ Bristol-Myers Squibb Co. (BMY) on Thursday reported a first-quarter loss of $775 million, after reporting a profit in the same period a year earlier.

The New York-based company said it had a loss of 34 cents per share. Earnings, adjusted for non-recurring costs and amortization costs, were $1.72 per share.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.48 per share.

The biopharmaceutical company posted revenue of $10.78 billion in the period.

Bristol-Myers expects full-year earnings in the range of $6 to $6.20 per share, with revenue in the range of $40 billion to $42 billion.

Bristol-Myers shares have dropped almost 5% since the beginning of the year, while the Standard & Poor's 500 index has fallen 12%. The stock has risen 27% in the last 12 months.

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

Automated Insights, source Associated Press News