BUZZ-Bristol Myers falls on downbeat 2025 profit, revenue forecast

Reuters

2025/02/06

** Shares of drugmaker Bristol Myers Squibb BMY.N fall 3.9% to $57.39 premarket

** Co forecasts 2025 revenue of around $45.5 billion, below analysts' average expectation of $47.4 billion - LSEG data

** Sees 2025 EPS between $6.55 and $6.85 per share, below estimates of $6.92

** BMY expects generic competition for some of its older drugs

** Co is expanding its cost-cutting program by additional $2 billion by end of 2027, bringing total cost cuts under the program to $3.5 billion

** Stock rose ~10% in 2024

(Reporting by Sriparna Roy in Bengaluru)

((Sriparna.Roy@thomsonreuters.com;))

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