LLY Eli Lilly and Co

   By Dave Sebastian 
 

Eli Lilly & Co. (LLY) shares fell about 5% to $104.30 Wednesday after the company earlier in the day reported third-quarter results.

The pharmaceutical company reported revenue of $5.48 billion, missing the $5.5 billion analysts polled by FactSet had expected. The company posted $5.31 billion in revenue a year earlier.

Net income for the quarter was $1.25 billion, or $1.37 a share, compared with $1.15 billion, or $1.12 a share, in the comparable quarter last year.

On an adjusted basis, earnings were $1.48 a share, beating the $1.40 a share analysts polled by FactSet had expected. The company posted $1.34 a share in adjusted earnings in the year-earlier period.

Write to Dave Sebastian at dave.sebastian@wsj.com

(END) Dow Jones Newswires

October 23, 2019 10:39 ET (14:39 GMT)

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