LLY Stock Alert: Why Are Eli Lilly Shares Surging Today?
LLYLilly(LLY) Investor Place·2024-08-08 21:28

Eli Lilly (NYSE:LLY) stock rose 13% overnight after it beat analyst estimates and raised guidance. The company’s GLP-1 drugs for diabetes and weight loss, Zepbound and Mounjaro, propelled the results.The company reported net income of 2.97billion,2.97 billion, 3.28 per share fully diluted, on revenue of 11.3billion.Lillyalsoraiseditsfullyearrevenueguidanceto11.3 billion. Lilly also raised its full-year revenue guidance to 45.4 billion-46.6billionandearningspershareguidanceto46.6 billion and earnings per share guidance to 15.10-$15.40 per share. The market responded as if Lilly was selling artificial intell ...