Bristol-Myers Squibb Co. (BMY) said that it now expects its 2009 GAAP earnings per share from continuing operations to be $1.51 to $1.56, compared to a previous range of $1.72 to $1.77. Non-GAAP earnings per share from continuing operations are expected to be $1.75 to $1.80, compared to a previous range of $2.00 to $2.05.
Analysts polled by Thomson Reuters expects the company to report earnings of $2.02 per share for fiscal 2009. Analysts' estimates typically exclude special items. As a result of the Mead Johnson split-off , Bristol-Myers Squibb is updating its 2009 guidance.
In a separate press release, Bristol-Myers Squibb and Mead Johnson Nutrition Co.(MJN) announced the final results of the offer by Bristol-Myers Squibb to exchange up to 170 million shares of common stock of Mead Johnson for outstanding shares of Bristol-Myers Squibb common stock that were validly tendered and not validly withdrawn.
The offer expired on December 17, 2009. Under the terms of the offer, Bristol-Myers Squibb accepted 269,285,601 shares of Bristol-Myers Squibb common stock in exchange for 170 million shares of Mead Johnson common stock owned by Bristol-Myers Squibb. Total number of shares of Bristol-Myers Squibb common stock tendered were 499,484,935. The final proration factor of 53.8954842% was applied to all other tendered shares of Bristol-Myers Squibb common stock to determine the number of such shares that would be accepted from each tendering stockholder.
For comments and feedback contact: editorial@rttnews.com
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.