Bristol-Myers Q3 net income up

Mon. October 26, 2009; Posted: 05:52 AM

Oct 26, 2009 (Datamonitor via COMTEX) -- BMY | Quote | Chart | News | PowerRating -- Bristol-Myers Squibb Company has reported a net income attributable to the company of $966 million, or $0.48 per diluted share, for the third quarter ended September 30, 2009, compared to $2.58 billion, or $1.28 per diluted share, for the third quarter ended September 30, 2008.

Net sales were $5.49 billion for the third quarter of 2009, compared to $5.25 billion for the same quarter of 2008.

Net income attributable to the company for the nine months ended September 30, 2009 was $2.59 billion, or $1.30 per diluted share, compared to $4 billion, or $2 per diluted share, for the nine months ended September 30, 2008.

Net sales were $15.89 billion for the nine months ended September 30, 2009, compared to $15.35 billion for the prior-year period.

James Cornelius, chairman and CEO of Bristol-Myers, said: "The performance in the third quarter of 2009 clearly shows the results of our outstanding business performance, disciplined financial management and overall strategic execution.

"We are transforming Bristol-Myers Squibb into a biopharma leader and the recent approval and launch of Onglyza for the treatment of type 2 diabetes is a great example of what we do best: discover, develop and deliver innovative medicines that help patients prevail over serious diseases."

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For full details on Bristol-Myers Squibb Co (BMY) click here. Bristol-Myers Squibb Co (BMY) has Short Term PowerRatings of 5. Details on Bristol-Myers Squibb Co (BMY) Short Term PowerRatings is available at This Link.

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