Eli Lilly Reports Strong Q4 Earnings, Exceeding Expectations
Indianapolis, IN - Eli Lilly and Co. (LLY) announced fourth-quarter earnings of $4.41 billion on Thursday. The Indianapolis-based pharmaceutical company reported a profit of $4.88 per share. Adjusted for non-recurring items, earnings per share reached $5.32.
These results surpassed Wall Street analysts' estimates. A survey of eight analysts by Zacks Investment Research had predicted earnings of $5.03 per share. Lilly also reported revenue of $13.53 billion in the quarter, also exceeding analysts' forecasts of $13.47 billion.
For the full year, the company posted a profit of $10.59 billion, equivalent to $11.71 per share, on revenue of $45.04 billion.
Looking ahead, Lilly anticipates full-year earnings in the range of $22.50 to $24 per share, with revenue expected to be between $58 billion and $61 billion.