Bristol-Myers 4th-Quarter Net Advances 14% From a Year Ago

Bristol-Myers Squibb Co., the nation’s second-largest drug company, reported higher fourth-quarter net income Thursday.

The company said it earned $583 million, or $1.13 a share, in the fourth quarter, up 14% from $510 million, or 98 cents a share, from a year earlier.

Revenue in the period rose to $2.82 billion from $2.80 billion in the fourth quarter of 1991.