Bristol Myers Reports 10 Percent Quarterly Sales Growth as Cancer Drugs Rebound

Bristol Myers Reports 10 Percent Quarterly Sales Growth as Cancer Drugs Rebound
A sign stands outside a Bristol Myers Squibb facility in Cambridge, Mass., on May 20, 2021. Brian Snyder/Reuters
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Bristol Myers Squibb Co. on Wednesday said its third-quarter sales rose 10 percent and reported higher-than-expected earnings as its core cancer business regained momentum after a decline earlier this year.

The New York-based drugmaker’s revenue for the quarter of $11.6 billion and adjusted profit of $2.00 per share both topped Wall Street estimates of $11.58 billion in sales and $1.92 per share, according to IBES data from Refinitiv.