Check out the companies making headlines in premarket trading. Eli Lilly — The drug maker tumbled 7.5% after missing analyst expectations for the third quarter and cutting full-year guidance. Eli Lilly earned $1.18 per share, excluding items, on $11.44 billion in revenue. Analysts polled by LSEG had anticipated earnings of $1.47 a share and $12.11 billion in revenue.
37 billion in revenue, while analysts surveyed by LSEG penciled in 5 cents and $1.36 billion, respectively. Qorvo — The semiconductor solutions stock tumbled 19.5% on weak earnings guidance for the current quarter that overshadowed a better-than-expected report for the second fiscal quarter. Raymond James downgraded its rating to market perform from outperform and removed its price target following the report.
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