Eli Lilly Q2 Earnings: Thanks To Tirzepatide, $1 Trillion Valuation Now In Sight
LLYLilly(LLY) Seeking Alpha·2024-08-13 00:18

MCCAIG/iStock via Getty Images Investment Overview Eli Lilly and Company (NYSE:LLY), the world's most valuable pharmaceutical company by market cap, announced its Q2 2024 earnings on Thursday last week. Let's begin by reviewing the headline figures. Revenues grew by 36% year-on-year, to 11.3bn.OnaGAAPbasis,operatingexpensesgrew1411.3bn. On a GAAP basis, operating expenses grew 14%, to 5.42bn, and operating income was 3.72bnup903.72bn - up 90% year-on-year. Net income was 2.97bn, up 86% year-on-year, while earnings per share ("EPS") came to $3.28. On a non ...