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"Momentum Continues": Lilly Jumps After Raising Revenue Outlook On Surging GLP-1 Demand
"Momentum Continues": Lilly Jumps After Raising Revenue Outlook On Surging GLP-1 Demand
Shares of Eli Lilly & Co. are rising in premarket trading after the pharmaceutical giant raised its full-year revenue forecast following a 48% jump in second-quarter sales, fueled by accelerating demand for the diabetes drug Mounjaro and the obesity treatment Zepbound.
Lilly's second-quarter results topped Wall Street expectations: Adjusted earnings rose to $8.38 a share from $6.31 a year earlier. Revenue surged 48% to $22.97 billion, beating the $20.59 billion Bloomberg Consensus estimate.
Mounjaro generated $9.94 billion in sales, exceeding...
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Update(1021ET): As has become typical, President Trump is all over the place - his intentions ever more difficult to interpret - at a moment the media has highlighted Iraq war levels of military build-up in the Middle East with an eye on potential attack on Iran.
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