Lilly climbs on annual revenue forecast raise
LLY•Stock performance
Up to last close, the stock was up 3.8% year to date.
Shares rise after forecast increase
Shares of drugmaker Eli Lilly
LLY.N rise 3.4% to $1,153.13 premarket.
Revenue outlook and quarterly results
The company expects annual revenue of $85 billion to $87 billion, compared with its previous expectation of $82 billion to $85 billion.
LLY reports Q2 adjusted profit of $8.38/shr versus analysts' average estimate of $6.01/shr, according to LSEG data.
The company's Q2 revenue of $22.97 billion beats analysts' average expectation of $20.72 billion.
