Eli Lilly & Co. (LLY) Tops Q2 EPS by $1.17, Beats on Revenue; Offers Upbeat FY24 Guidance
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Eli Lilly (LLY) PT Raised to $1,150 at BofA Securities
August 9, 2024 5:56 AM EDTBofA Securities analyst Geoff Meacham raised the price target on Eli Lilly (NYSE: LLY) to $1,150.00 (from $1,000.00) while maintaining a Buy rating.
The analyst comments "LLY shares traded with strength today (+9.5%; DRG index: +4%) following the continued outperformance from Lillys incretin portfolio, including Mounjaro (Type 2 diabetes) and Zepbound (obesity). Importantly, given managements... More
Eli Lilly stock jumps 10% on annual guidance hike, strong Q2 top and bottom line
August 8, 2024 6:58 AM EDT(Updated - August 8, 2024 9:34 AM EDT)
Eli Lilly & Co. (NYSE: LLY) reported much stronger-than-expected earnings for the fiscal Q2 2024 and raised its guidance for the full year.
The drugmakers shares surged more than 10% at the Thursday market open.
For the second quarter, Lilly posted earnings per share (EPS) of $3.92, significantly above the consensus estimate of $2.75. Revenue rose to $11.3 billion, also exceeding analyst estimates.
Revenue for its Trulicity... More
