Bristol-Myers Squibb (NYSE:BMY) 4Q16 Profit Up 65.8%; Misses Street View

Bristol-Myers Squibb (NYSE:BMY) 4Q16 Profit Up 65.8%; Misses Street View

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Bristol-Myers Squibb (NYSE:BMY) BMY: (%) reported third quarter earnings , before the bell today, that missed street view.

On a GAAP basis, BMY reported net income of $ 894.00 million or 53 cents per share, compared with loss of $ 197 million or 12 cents per share, a year ago period.

Excluding items, the company announced Non-GAAP net income of $ 1064.00 million or 63 cents per share, where as analysts from Thomson Reuters expected $ 0.67 a share.

The company Total Revenue rose 22.30% to $ 5.24 billion, Analysts from Thomson Reuters estimated $ 5.13 billion.

Bristol-Myers Squibb is confirming its 2017 GAAP EPS guidance range of $2.47 – $2.67 and is adjusting its non-GAAP EPS guidance range from $2.85 – $3.05 to $2.70 – $2.90.