Eli Lilly and Co. (NYSE: LLY) reported its third-quarter financial results on Thursday before the markets opened. The company had $0.89 in earnings per share (EPS) on $4.96 billion in revenue. That compared to consensus estimates from Thomson Reuters of $0.76 in EPS on $4.99 billion in revenue. The same period from the previous year had $0.66 in EPS on $4.88 billion in revenue.
In terms of guidance, the company updated full-year EPS expectations to $3.40 to $3.45, but Eli Lilly still expects revenue in the range of $19.7 billion to $20 billion. There are consensus estimates of $3.28 in EPS on $19.93 billion in revenue.
In terms of its drugs, the company highlighted a few revenues:
- Humalog had $705 million.
- Alimta had $628.5 million.
- Cialis had $566.1 million.
- Forteo had $348.9 million.
- Humlin $316.7 million.
- Cymbalta had $242.9 million.
- Zyprexa had $237.9 million.
- Strattera had $196.9 million.
- Effient had $132.1 million.
- Cyramza had $111.2 million.
- Trajenta had $92.7 million.
- Evista had $58 million.
- Trulicity had $73.7 million.
John C. Lechleiter, Ph.D., chairman, president and CEO, commented on earnings:
We are pleased with our strong third-quarter results, which reflect the ongoing actions we are taking to grow revenue and increase productivity while we are replenishing and advancing our pipeline with an array of new, innovative therapies. Despite headwinds from foreign exchange rates, we are benefiting from recent launches as well as our acquisition of Novartis Animal Health earlier this year.
ALSO READ: The Most Profitable Companies in the World
He added:
This quarter, we had higher sales volume for several key products, including recently launched Cyramza and Trulicity. We also launched several new products in various global markets, including Synjardy in the U.S. for type 2 diabetes. Promising pipeline momentum continued with encouraging news for baricitinib and abemaciclib, while Jardiance reported positive cardiovascular outcomes. Finally, we continued to create new collaborations and pursue smaller-scale acquisitions to bolster our pipeline and our product portfolio.
Shares of Eli Lilly were down fractionally at $76.68 Thursday morning. It has a consensus analyst price target of $95.79 and a 52-week trading range of $63.41 to $92.85.
100 Million Americans Are Missing This Crucial Retirement Tool
The thought of burdening your family with a financial disaster is most Americans’ nightmare. However, recent studies show that over 100 million Americans still don’t have proper life insurance in the event they pass away.
Life insurance can bring peace of mind – ensuring your loved ones are safeguarded against unforeseen expenses and debts. With premiums often lower than expected and a variety of plans tailored to different life stages and health conditions, securing a policy is more accessible than ever.
A quick, no-obligation quote can provide valuable insight into what’s available and what might best suit your family’s needs. Life insurance is a simple step you can take today to help secure peace of mind for your loved ones tomorrow.
Click here to learn how to get a quote in just a few minutes.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
