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Lilly (LLY) Q4 Earnings and Sales Top Estimates, Stock Up
Eli Lilly & Company LLY reported fourth-quarter 2019 adjusted earnings per share of $1.73, which comprehensively beat the Zacks Consensus Estimate of $1.52. Earnings rose 31% year over year as higher operating costs were offset by higher revenues, lower tax rate and reduction in shares outstanding due to buybacks.
Quarter in Detail
Revenues of $6.11 billion beat the Zacks Consensus Estimate of $6.07 billion. Sales grew 8% year over year, backed by strong volume trends for its newer drugs, namely Trulicity, Taltz, Jardiance, Basaglar, Emgality, and Verzenio, which compensated for lower sales of older products like Cialis and Forteo and the impact of Lartruvo’s product withdrawal. Lilly suspended promotion of its advanced soft tissue sarcoma drug, Lartruvo due to the failure of the ANNOUNCE confirmatory study.
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https://finance.yahoo.com/news/lilly-lly...03763.html
![[Bild: LLYc1dl1600.png]](https://finviz.com/publish/013120/LLYc1dl1600.png)
Eli Lilly & Company LLY reported fourth-quarter 2019 adjusted earnings per share of $1.73, which comprehensively beat the Zacks Consensus Estimate of $1.52. Earnings rose 31% year over year as higher operating costs were offset by higher revenues, lower tax rate and reduction in shares outstanding due to buybacks.
Quarter in Detail
Revenues of $6.11 billion beat the Zacks Consensus Estimate of $6.07 billion. Sales grew 8% year over year, backed by strong volume trends for its newer drugs, namely Trulicity, Taltz, Jardiance, Basaglar, Emgality, and Verzenio, which compensated for lower sales of older products like Cialis and Forteo and the impact of Lartruvo’s product withdrawal. Lilly suspended promotion of its advanced soft tissue sarcoma drug, Lartruvo due to the failure of the ANNOUNCE confirmatory study.
...
https://finance.yahoo.com/news/lilly-lly...03763.html
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