Elanco Animal Health, Inc. (ELAN) reported Wednesday a net loss of $34 million or $0.07 per share for the third quarter, compared to net income of $364 million or $0.73 per share in the prior-year quarter.
Excluding items, adjusted earnings for the quarter was $0.19 per share, compared to $0.13 per share in the year-ago quarter.
On average, 11 analysts polled expected the company to report earnings of $0.13 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenue for the quarter grew 10 percent to $1.14 billion from $1.03 billion in the same quarter last year. Organic constant currency revenue growth was 9 percent. Analysts expected revenues of $1.09 billion for the quarter.
Looking ahead to the fourth quarter, the company expects a loss in a range $0.20 to $0.17 per share and adjusted earnings in a range of $0.09 to $0.12 per share on revenues between $1.085 billion and $1.110 billion, with organic constant currency revenue growth of 4 to 6 percent. Analysts expect earnings of $0.14 per share on revenues of $1.08 billion for the quarter.
For fiscal 2025, the company now projects a loss in a range $0.11 to $0.08 per share and adjusted earnings in a range of $0.91 to $0.94 per share on revenues between $4.645 billion and $4.670 billion, with organic constant currency revenue growth of 6 to 6.5 percent.
Previously, the company expected a loss in the range $0.08 to $0.03 per share and adjusted earnings in the range of $0.85 to $0.91 per share on revenues between $4.570 billion and $4.620 billion, with organic constant currency revenue growth of 5 to 6 percent.
The Street is looking for earnings of $0.91 per share on revenues of $4.60 billion for the year.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.