Eli Lilly posts downbeat 2016 outlook

6 January 2016

US drug major Eli Lilly (NYSE: LLY) has announced full year revenues for 2016 guidance, which misses analyst estimates partly from the impact of foreign-exchange headwinds.

The company said it expects sales in 2016 in the range of $20.2 billion and $20.7 billion, below analyst estimates of $21.4 billion, partly hurt by the strong dollar. Earnings per share are forecast between $3.45 and $3.55, against analyst estimates of $3.65 per share.

Eli Lilly maintained its full-year 2015 earnings per share outlook at $3.40 to $3.45.

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