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Lilly Cuts FY24 Earnings, Revenue Outlook After Q3 Misses Street; Stock Down In Pre-market - Update

Drugmaker Eli Lilly and Co. (LLY), while reporting third-quarter adjusted earnings and revenues below market estimates, on Wednesday lowered its forecast for fiscal 2024 earnings and revenues.

On a reported basis,the company turned around to profit in its third quarter on strong revenue growth.

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by RTTNews Staff Writer

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