STAT April 30, 2024
Hello, I’m up bright and early today to report on earnings, with the help of some coffee (with pasteurized milk) and the soundtrack for the new Challengers movie.
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Lilly raises 2024 guidance even with supply constraints
Here are the main results from Lilly’s earnings this morning:
- Raised adjusted earnings guidance for 2024 to a range of $13.50 to $14.00 per share, up from a prior forecast of $12.20 to $12.70 per share
- Q1 earnings were $2.58 share, beating expectations of $2.39 per share
- The obesity drug Zepbound brought in $517 million in Q1 sales, more than the $389...