Lilly promises strong year-end after solid quarter

6 November 2018

Eli Lilly (NYSE: LLY) gave investors reasons for optimism in presenting its third-quarter financial results.

The US drugmaker's third-quarter revenue was $6.06 billion, up 7% on the same period of 2017 and ahead of analysts’ expectations by $30 million.

Reported earnings per share (EPS) were $1.12, more than double the figure of a year ago but below the $1.23 estimate of analysts. Adjusted EPS was up 32% at $1.39, narrowly beating the predictions of Wall Street.

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