Sales & Earnings In Brief
This article was originally published in The Tan Sheet
Bristol-Myers Squibb: Enfamil infant formula drives U.S. nutritionals sales up 5% to $267 mil. in the second quarter, Bristol reports July 28. The product also spurred international nutritionals results up 10% to $281 mil. to lead worldwide nutritionals business to $548 mil. in total revenues, up 7% over the prior-year period. The unit was a strong performer for Bristol's overall business, which recorded relatively flat sales of $4.9 bil. and an 89% increase in net earnings to $991 mil. The company's consumer medicines sales declined 16% to $57 mil.; Bristol recently announced plans to divest the unit to Novartis, a transaction expected to close by the end of the third quarter (1"The Tan Sheet" July 18, 2005, p. 3)...
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