By Katherine Hamilton
Bristol Myers Squibb posted higher first-quarter revenue boosted by its portfolio of newer treatments for heart and blood conditions.
The biopharmaceutical company on Thursday posted a profit of $2.68 billion, or $1.31 a share, compared with $2.46 billion, or $1.20 a share, a year earlier.
Stripping out certain one-time items, adjusted per-share earnings were $1.58, ahead of the $1.42 anticipated by analysts, according to FactSet.
Revenue rose 3% to $11.49 billion. Analysts surveyed by FactSet forecast revenue of $10.93 billion.
Sales in Bristol Myers Squibb's growth portfolio rose 12%, driven by Camzyos, Breyanzi and Reblozyl. The drugs are designed to treat heart disease, lymphoma and blood disorders, respectively.
Revenue in its legacy portfolio decreased 6% due to challenges from generic brands. Its legacy brand Eliquis, a blood thinner, saw higher demand and sales.
International sales rose 11% to $3.7 billion, while U.S. sales declined 1% to $7.8 billion.
The company reaffirmed its full-year guidance and said revenue and earnings are trending toward the upper end of the ranges it previously shared.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
04-30-26 0714ET


















