Shares of Eli Lilly and Company (LLY) gained over 9% on Thursday morning after reporting strong first-quarter results.
The stock is currently trading at $926.22, up $75.01 or 8.81%, on the NYSE. It opened at $898.78 after closing the previous session at $851.21. The stock has traded between $623.78 and $1,133.95 over the past 52 weeks.
Eli Lilly reported revenue of $19.8 billion, up 56% year-over-year, driven by strong demand for its key drugs. Net income surged to $7.40 billion or $8.26 per share, from $2.76 billion or $3.06 per share last year.
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