Eli Lilly beats expectations again with strong second quarter performance

25 July 2017

US pharmaceutical firm Eli Lilly (NYSE: LLY) has posted better-than-expected financial results for the second quarter of 2017, with revenues of $5.82 billion and net income of $1 billion.

Following generally accepted accounting principles (GAAP), that translates to earnings per share of $0.95.

For the second quarter running, the Indianapolis, USA-headquartered firm bettered revenue forecasts, with an increase of 8% compared with the same period last year, higher than the $5.6 billion analysts had predicted. The income figure was 35% higher than in second-quarter 2016.

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