Eli Lilly Shares Decline After Co. Reported Revenue Miss

Date : 10/23/2019 @ 2:54PM
Source : Dow Jones News
Stock : Eli Lilly and Co (LLY)
Quote : 121.53  -0.17 (-0.14%) @ 9:53PM
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Last $ 121.53 ◊ 0.00 (0.00%)

Eli Lilly Shares Decline After Co. Reported Revenue Miss

Eli Lilly (NYSE:LLY)
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   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)

Copyright (c) 2019 Dow Jones & Company, Inc.

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