Friday, 9 August 2024

LLY Earnings: Highlights of Eli Lilly’s Q2 2024 financial report

by Rose White

Eli Lilly and Company (NYSE: LLY) on Thursday reported a double-digit increase in revenues and profit for the second quarter of 2024. The pharma giant also raised its full-year guidance.

LLY Earnings: Highlights of Eli Lilly’s Q2 2024 financial report

Worldwide revenue increased 36% annually to $11.3 billion in the June quarter, driven mainly by strong sales of Mounjaro, Zepbound, and Verzenio.

Second-quarter reported net income increased 68% from last year to $3.0 billion, or $3.8 per share. Adjusted earnings climbed 86% year-over-year to $3.92 per share.

The management raised its full-year revenue guidance to the range of $45.4 billion to $ 46.6 billion. EPS forecast and adjusted EPS forecast have been raised to $15.10-15.60 and $16.10-16.60, respectively.

Prior Performance

  • Eli Lilly & Company Q4 2023 earnings infographic

The post LLY Earnings: Highlights of Eli Lilly’s Q2 2024 financial report first appeared on AlphaStreet.

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