Biotech/Pharmaceuticals
Bristol-Myers Squibb (BMY) said it earned 63 cents a share from continuing operations in the first quarter, a penny better than analysts surveyed by Thomson Financial/First Call expected.
In the year-earlier period, the company earned 56 cents a share. Net sales increased 5% to $4.69 billion from $4.45 billion a year earlier. "As reflected by the first-quarter results, Bristol-Myers Squibb is off to a solid start in fulfilling our commitment to meet or exceed earnings per share growth expectations for 2001," CEO Charles Heimbold, Jr. said in a statement. "We remain comfortable with current consensus estimates of $2.41 for diluted earnings per share for the year."TheStreet Premium Services
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