Bristol-Myers Squibb Co reported higher-than-expected quarterly earnings, helped by cost cuts and lower taxes, but sales missed Wall Street estimates, and the U.S. drugmaker's shares fell.The company on Tuesday said it had earned $937 million, or 56 cents per share, in the first quarter, compared with $609 million, or 37 cents per share, a year earlier.Excluding special items, the profit came to 46 cents per share. Analysts on average were expecting 43 cents, according to Thomson Reuters I/B/E/S.The company's effective tax rate was 5 percent, compared with 7.6 percent a year earlier.
Thomson Reuters Corporation (Thomson Reuters), is a provider of information for the world?s businesses and professionals. Shares of TRI remained unchanged at $34.65. In the past year, the shares have traded as low as $31.38 and as high as $38.73. On average, 836660 shares of TRI exchange hands on a given day and today's volume is recorded at 0.
Thomson Reuters Corporation (Thomson Reuters), is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 0.1% or $0.04/share to $38.21. In the past year, the shares have traded as low as $33.02 and as high as $42.10. On average, 964052 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 521537.
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