Eli Lilly stock surges on Q2 earnings beat, revenue outlook

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Eli Lilly Berita

Elil Lilly,Revenue Guidance,Full-Year Earnings

Shares of Eli Lilly (LLY) are jumping in early trading. The drugmaker reported second quarter results that handily beat Street estimates. The company also...

) are jumping in early trading. The drugmaker reported second quarter results that handily beat Street estimates. The company also raised its full-year earnings and revenue guidance. Elil Lilly benefited from strong sales of its GLP-1 drugs Mounjaro and Zepbound.The company also boosted its full year revenue outlook on strong demand for its weight loss treatments.The breakdown here, I mean, if you had a penny for every Monro reference that they made you could retire, uh pretty much.

That is a 13% increase and take a look at adjusted EPS that is a 45% increase from the versus the actual and this is all being credited to Monro and Z bound, Z bound really on A I mean, it's, it's a rocket ship. So both drugs are no longer in the FDA shortage list, which means that we know that the supply constraints are a little bit easier for the year.

So, you know, little bits and pieces being put together to make this really just a bull case for the company.But again, when you take a look at the reaction lots to be excited about and like you said, it was pretty amazing all the times they were and it makes sense, right?It's almost like the A I kind of key word here for the Pharma industry and it's paid off.

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