Lilly drops on disappointing guidance

15 January 2025

Eli Lilly (NYSE: LLY) saw its shares close down 6.6% at $744.91 yesterday, after it revealed forecast for sales at the JP Morgan Healthcare Conference.

The US pharma major said that it expects 2024 full-year worldwide revenue to be around $45.0 billion, which represents growth of 32% compared to the previous year. The company also shared 2025 revenue guidance, anticipating sales will be between $58.0 billion and $61.0 billion.

For the fourth quarter of 2024, Lilly now expects worldwide revenue to be approximately $13.5 billion, representing growth of 45% compared to the like 2023 quarter. This includes about $3.5 billion for diabetes drug Mounjaro (tirzepatide) and $1.9 billion for obesity treatment Zepbound (tirzepatide). In addition to the uptake of Mounjaro and Zepbound, Lilly saw strong performance from its oncology, immunology and neuroscience medicines in fourth-quarter 2024.

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