Bristol-Myers Squibb on Thursday cut its guidance for 2017, saying it now expects adjusted earnings of $2.70 to $2.90 a share for the year, down from its previous guidance of $2.85 to $3.05. In the fourth quarter, the drugmaker posted earnings of $894 million, or 53 cents a share, compared with a loss of $197 million, or a loss of 12 cents, a year earlier.
Category: Medarex
The Scariest Thing About Bristol-Myers Squibb’s Dividend
With a current yield of 2.67%, investors still have reason to show the love. But there is something that might seem scary to some investors — the company’s ability to keep the dividends flowing at current levels.