On July 28, Bristol-Myers Squibb (NYSE:BMY) released earnings for its 2005 second quarter, which ended June 30.

  • Excluding special items, earnings per share were $0.47, easily besting Street estimates. That's a big improvement over last year.
  • Net income was aided by $294 million in tax benefits, giving Bristol-Myers an effective tax rate of -1.9% during the quarter.

(Figures in millions, except per-share data)

Income Statement Highlights (What's this?)

Avg. Est.

Q2 2005

Q2 2004

% Change

Sales

$4,800

$4,889

$4,819

+1.5%

Net Profit

--

$1,004

$527

+90.5%

EPS

$0.36

$0.50

$0.27

+85.2%

Margin Checkup (What's this?)

Q2 2005

Q2 2004

Change

Gross Margin

69.67%

68.87%

+0.79%

Op. Margin

23.11%

15.96%

+7.16%

Net Margin

20.54%

10.94%

+9.60%

Balance Sheet Highlights (What's this?)

No balance sheet data provided. (Boo!)

Cash Flow Highlights (What's this?)

No cash flow statement provided. (Hiss!)

Related Companies:

  • ImClone Systems (NASDAQ:IMCL)
  • Merck (NYSE:MRK)
  • Novartis (NYSE:NVS)
  • Pfizer (NYSE:PFE)
  • Sanofi-Aventis (NYSE:SNY)
  • Schering-Plough (NYSE:SGP)

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Fool contributor Tim Beyers didn't own stock in any of the companies mentioned in this story at the time of publication. You can find out what's in his portfolio by checking Tim's Fool profile here . The Motley Fool has an ironclad disclosure policy .