Bristol-Myers posts Q1 beat despite growth headwinds [Seeking Alpha]
Merck & Company, Inc. (new) (MRK)
Last merck & company, inc. (new) earnings: 4/28 06:45 am
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investors.merck.com/home/default.aspx
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Source: Seeking Alpha
The Princeton, New Jersey-based pharma giant reported $11.8B in revenue for the quarter with ~5% YoY growth as its multiple myeloma therapy Revlimid, facing generic competition, exceeded expectations, adding $1.7B to the topline. Revenue from Revlimid continued to drop with a ~5% YoY decline in Q1, even as its contribution to BMY's topline exceeded $1.2B projected by analysts, according to Bloomberg data. However, Opdivo, an anti-PD-1 immunotherapy rivaling Merck's ( MRK ) Keytruda, fell short of consensus, adding $2.0B with a ~6% YoY drop. Abecma, a CAR-T cell therapy that BMY markets with 2seventy bio ( NASDAQ: TSVT ), brought $82M, indicating a ~44% YoY decline. Meanwhile, Bristol-Myers' ( NYSE: BMY ) blood thinner Eliquis, marketed with Pfizer ( NYSE: PFE ), topped consensus, adding $3.7B to the topline with ~9% YoY growth. However, the company has swung to a loss in Q1 with a negative $5.89 earnings per share, driven by a one-time charge of $6.30 related to recently clos
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MRK
Earnings
- 4/25/24 - Beat
MRK
Sec Filings
- 5/3/24 - Form 10-Q
- 5/2/24 - Form 4
- 5/2/24 - Form 4
- MRK's page on the SEC website