Thursday, April 23, 2020

Eli Lilly Q1 Results Top Estimates; Lifts 2020 Profit View

Eli Lilly and Co. (LLY) on Thursday reported a 66 percent decline in profit for the first-quarter from last year, reflecting the gain recognized on the disposition of Elanco Animal Health in the prior year. But, quarterly revenue increased 15 percent, driven by 22 percent volume growth. The company raised its profit outlook for fiscal year 2020, but it maintained annual revenue guidance.

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