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Bristol Myers Earnings Top Views; BMY Stock Just Below Buy Point

Early Wednesday, Bristol Myers Squibb (BMY) reported adjusted income of $1.93 per share on $11.7 billion in second-quarter sales. In response, BMY stock fell a fraction.




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On average, BMY stock analysts polled by FactSet expected the pharmaceutical giant to earn $1.89 a share and report $11.27 billion in sales.

At this time last year, Bristol Myers earned $1.63 per share and the company reported $10.13 billion in sales.

For the year, Bristol Myers reaffirmed its adjusted EPS target of $7.35-$7.55. Analysts projected $7.45 earnings per share and $46.06 billion in sales.

In premarket trading on the stock market today, BMY stock dipped 0.4% to 67.20. Shares are trying to retake a buy point at 68.06 out of a flat base, according to MarketSmith.com.

More to follow.

Follow Allison Gatlin on Twitter at @IBD_AGatlin.

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