Eli Lilly's 3Q Earnings Exceed Wall Street Expectations

Associated Press

Third quarter earnings for Indianapolis-based Eli Lilly exceeded Wall Street expectations.
*stock photo*

INDIANAPOLIS (AP) — Eli Lilly and Co. (LLY) on Tuesday reported third-quarter net income of $1.15 billion.

The Indianapolis-based company said it had profit of $1.12 per share. Earnings, adjusted for amortization costs and asset impairment costs, came to $1.39 per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.37 per share.

The drugmaker posted revenue of $6.06 billion in the period.

Lilly expects full-year earnings in the range of $5.55 to $5.60 per share, with revenue in the range of $24.3 billion to $24.5 billion.

Lilly shares have climbed 30 percent since the beginning of the year, while the Standard & Poor's 500 index has risen slightly more than 2 percent. The stock has risen 32 percent in the last 12 months.

This story was generated by Automated Insights using data from Zacks Investment Research. Access a Zacks stock report on LLY at https://www.zacks.com/ap/LLY

Tags:Eli Lilly and Co.

Support independent journalism today. You rely on WFYI to stay informed, and we depend on you to make our work possible. Donate to power our nonprofit reporting today. Give now.

Legislative leaders say 2024 session more substantive than planned, but much more to come in 2025

Prior to 2024, Republican legislative leaders called for a return to a normal session, with an agenda focused on small tweaks to existing policies. Where it ended up was with bills far more substantive than many had imagined.

Public Affairs / February 20, 2024

Economic Enhancement District for Mile Square will not be repealed

Indianapolis’ planned economic enhancement district, or EED, will not be repealed. A bill put the funding tool at risk but an amendment saves the district - with some caveats.

Public Affairs / February 20, 2024

Bill effectively killing Indianapolis Blue Line gets hearing in House committee

A House committee heard testimony Tuesday on a bill that puts a moratorium on dedicated lanes. IndyGo officials say the bill will kill the proposed Blue Line, the city’s third bus rapid transit system.