Plus   Neg

Eli Lilly Boost FY20 Adj. EPS Outlook - Quick Facts

While reporting financial results for the second quarter on Thursday, Eli Lilly and Co. (LLY) on Thursday raised its adjusted earnings guidance for the full year 2020, reflecting expectations of lower marketing, selling and administrative expenses, higher other income and a lower effective tax rate. However, the company maintained its annual revenue outlook.

For fiscal 2020, the company now projects earnings in a range of $6.48 to $6.68 per share and adjusted earnings in a range of $7.20 to $7.40 per share.

Previously, the company expected earnings in the range of $6.20 to $6.40 per share and adjusted earnings in a range of $6.70 to $6.90 per share.

However, the company still anticipates 2020 revenue between $23.7 billion and $24.2 billion.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $6.81 per share on revenues of $24.01 billion for the year. Analysts' estimates typically exclude special items.

The company said there is uncertainty in its 2020 financial guidance surrounding the extent and duration of the impact of the COVID-19 pandemic.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Amid the growing climate crisis, Walmart said it is raising its ambition to zero emissions by 2040, without the use of carbon offsets, across its global operations. The retail giant, along with the Walmart Foundation, also committed to help protect, manage or restore at least 50 million acres of land and one million square miles of ocean by 2030. The European Commission said Friday that it has signed a deal with Sanofi and GlaxoSmithKline to secure up to 300 million doses of their potential COVID-19 vaccine. Acella Pharmaceuticals recalled certain lots of hypothyroidism medication NP Thyroid in the form of tablets due to super potency, the U.S. Food and Drug Administration said in a statement. The company is recalling one lot of 15mg and one lot of 120mg of NP Thyroid that are packaged in 100 count bottles in strengths of 15 mg, and 120 mg, with expiration dates between October 2020 and November 2020.
Follow RTT