Bristol-Myers Squibb: Looking Beyond The One-Time Quarterly Loss

Trevor Williams The first-quarter earnings season is largely in the books. S&P 500 operating EPS growth was solid at 6.4%. Critics contend that if you back out the very impressive profits from the Magnificent 7 stocks, then the market’s earnings growth rate is less sublime.  I counter that argument with the reality that, if you also remove the roughly $13 billion of total acquisition and transaction costs related to several deals closed in the first quarter by Bristol-Myers Squibb Company (NYSE:BMY), th ...