Eli Lilly & Co. (LLY) Misses Q1 EPS by 27c, Lowers FY EPS Guidance

2021 Guidance

Prior

Updated

Revenue

$26.5 to $28.0 billion

$26.6 to $27.6 billion

Gross Margin % of Revenue (reported)

Approx. 77%

Unchanged

Gross Margin % of Revenue (non-GAAP)

Approx. 79%

Unchanged

Marketing, Selling & Administrative

$6.2 to $6.4 billion

Unchanged

Research & Development

$6.5 to $6.7 billion

$6.9 to $7.1 billion

Other Income/(Expense) (reported)

$(300) to $(200) million

$150 to $250 million

Other Income/(Expense) (non-GAAP)

$(300) to $(200) million

$(200) to $(100) million

Tax Rate

Approx. 15%

Approx. 13%

Earnings per Share (reported)

$7.10 to $7.75

$7.03 to $7.23

Earnings per Share (non-GAAP)

$7.75 to $8.40

$7.80 to $8.00

Operating Margin (reported)

Approx. 30%

Approx. 26%

Operating Margin (non-GAAP)

Approx. 32%

Approx. 31%