Bristol-Myers Squibb (BMY) reported Q1 non-GAAP earnings Thursday of $1.80 per diluted share, compared with a loss of $4.40 a year earlier.
Analysts polled by FactSet expected $1.49.
Revenue for the quarter ended March 31 was $11.2 billion, down from $11.87 billion a year earlier.
Analysts surveyed by FactSet expected $10.7 billion.
The company said it increased its full-year 2025 non-GAAP earnings guidance to $6.70-$7.00 per share from $6.55-$6.85. Analysts surveyed by FactSet expect $6.74.
The company increased it full-year 2025 revenue guidance to about $45.8 billion-$46.8 billion from $45.5 billion. Analysts polled by FactSet expect $45.7 billion.
Bristol-Myers shares were 1.4% higher in premarket trading.