5 Stocks Making Headlines Following Earnings Reports

4. Bristol-Myers Squibb Company (NYSE:BMY)

Number of Hedge Fund Holders: 74

Shares of Bristol-Myers Squibb Company (NYSE:BMY) closed higher on Friday, February 4, 2022, after announcing a better-than-expected profit for the fourth quarter. The New York-based pharmaceutical company earned $1.83 per share on an adjusted basis, up from $1.46 per share in the year-ago period.

Revenue came in at $11.99 billion versus $11.07 billion in the fourth quarter of 2020. Analysts were expecting Bristol-Myers Squibb Company (NYSE:BMY) to post earnings of $1.80 per share on revenue of $12 billion. If we look at the region-wise sales performance, U.S. sales jumped 11 percent to $7.5 billion, while international sales rose 4 percent to $4.5 billion in the quarter.

Bristol-Myers Squibb Company (NYSE:BMY) also issued its financial outlook for 2022. It expects adjusted earnings in the range of $7.65 – $7.95 per share and revenue of around $47 billion for the current fiscal year.