Eli Lilly stock jumps 10% on annual guidance hike, strong Q2 top and bottom line
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Lilly Reports Q2 2024 Financial Results, Raises Full-Year Revenue Guidance by $3 Billion
August 8, 2024 6:45 AM EDTRevenue in Q2 2024 increased 36%, driven by Mounjaro, Zepbound and Verzenio. When excluding $579.0 million of revenue from the sale of rights for Baqsimi in Q2 2023, revenue in Q2 2024 increased 46%. Excluding the sale of rights for Baqsimi, non-incretin revenue increased 17% worldwide and 25% in the U.S.Q2 2024 EPS increased 68% to $3.28 on a reported basis and increased 86% to $3.92 on a non-GAAP basis, both inclusive of $0.14 of acquired IPR&D charges.2024 full-year revenue guidance raised by $3... More
