Lilly (LLY) Tops Q2 EPS by 20c

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Lilly Delivers Strong Second-Quarter 2018 Results, Revises EPS Guidance

July 24, 2018 6:25 AM EDT

INDIANAPOLIS, July 24, 2018 /PRNewswire/ -- Eli Lilly and Company (NYSE: LLY) today announced financial results for the second quarter of 2018.

 

$ in millions, except

per share data

Second Quarter

... More

Lilly to Separate Elanco Animal Health with Initial Public Offering

July 24, 2018 6:20 AM EDT

INDIANAPOLIS, July 24, 2018 /PRNewswire/ -- Eli Lilly and Company (NYSE: LLY) today announced that the company has completed its strategic review of Elanco Animal Health, and will file a registration statement in the coming weeks with the U.S. Securities and Exchange Commission (SEC) for a potential initial public offering (IPO) of a minority ownership stake in Elanco as a separate company.

The offering is expected to represent an ownership stake of less than 20 percent. The number of shares to be offered and the price range for the offering... More