BRIEF-Bristol Myers Posts Q1 Adj EPS $-4.40

Reuters04-25

April 25 (Reuters) - Bristol-Myers Squibb Co :

* Q1 EPS $-5.89

* Q1 OPDIVO REVENUE $2.08 BILLION, DOWN 6%

* Q1 ADJUSTED EPS $-4.40 VERSUS LSEG IBES ESTIMATE $-4.44

* Q1 ELIQUIS REVENUE $3.72 BILLION, UP 9%

* Q1 REVENUE $11.87 BILLION VERSUS LSEG IBES ESTIMATE $11.46 BILLION

* Q1 RESULTS INCLUDE ONE-TIME NET IMPACT OF ACQUIRED IPRD & LICENSING INCOME OF $-6.30 FROM RECENT ACQUISITIONS

* SEES DILUTION IMPACT TO FY ADJUSTED EPS OF $0.13 FROM RAYZEBIO DEAL, $0.30 FROM KARUNA DEAL

* Q1 RESULTS INCLUDE $12.1 BILLION ONE-TIME CHARGE FOR ACQUISITION OF KARUNA THERAPEUTICS

* EXECUTING PRODUCTIVITY INITIATIVE TO DELIVER ABOUT $1.5 BILLION COST SAVINGS BY 2025-END

* OUTLOOK FY ADJUSTED EPS $0.40 TO $0.70 VERSUS LSEG IBES ESTIMATE $0.65

* FY REVENUE FORECAST UNCHANGED; LSEG IBES ESTIMATE $45.91 BILLION

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