Wow, drugs must be getting too cheap...
http://money.cnn.com/2007/12/05/news/companies/bristol/index.htmNEW YORK (CNNMoney.com) -- The drugmaker Bristol-Myers said Wednesday it will cut 10 percent of its work force and get rid of more than half its factories to save $1.5 billion by 2010.
Bristol also raised its earnings per share guidance to a range of $1.65 to $1.75 for all of 2008, excluding charges. The company's previous 2008 guidance, and the projected consensus from analysts polled by Thomson Financial, was for EPS of $1.60 to $1.70.
The company also said it was reaffirming that 2007 earnings will be between $1.42 and $1.47 a share, excluding charges. Bristol-Myers Squibb earned $1.09 a share, excluding charges, in 2006.
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