Eli Lilly Raises Full-Year Forecast After Beating Profit and Sales Expectations

Published:

Eli Lilly Raises Full-Year Forecast After Beating Profit and Sales Expectations
Photo: Darron Cummings/AP/TT

The stock rose almost 6 percent in futures trading on Wall Street after Eli Lilly released its quarterly report.

Eli Lilly expects revenue of $91-92 billion this year, up from its previous forecast of $85-87 billion.

For the third quarter, Eli Lilly reported earnings of $7.48 per share, compared with $7.02 per share in the same quarter last year and an average forecast of $5.59 per share, according to Bloomberg.

Sales rose 39 percent to $24.4 billion, compared with expectations of $22.5 billion.

Loading related articles...

Tags

Author

TT News AgencyT
By TT News Agency. English edition by Sweden Herald, adapted for our readers

Keep reading

Loading related posts...