Shares fall as Lilly lowers 2022 earnings estimate

4 August 2022

US drugmaker Eli Lilly (NYSE: LLY) was trading more than 3% lower by the early afternoon on Thursday after presenting its financial results for the second quarter of 2022, alongside its projections for the rest of the year.

Lilly missed analysts’ estimates with its revenue and earnings figures for the quarter.

The company’s revenue total of $6.49 billion missed the consensus estimate of $6.84 billion and was 4% lower than the same period of 2021.

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