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Eli Lilly Stock: The One Question in Otherwise Perfect Earnings and What It Means for Shares

Eli Lilly Stock: The One Question in Otherwise Perfect Earnings and What It Means for Shares · Barrons.com · Daniel Acker/Bloomberg
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Eli Lilly posted a blockbuster second quarter fueled by continued demand for its portfolio of GLP-1 medications, though one glaring question hung over the print. The world’s biggest drugmaker by market value reported adjusted earnings of $8.38 a share in the period, better than the $6.01 consensus estimate among analysts polled by FactSet. Revenue surged 48% to nearly $23 billion—Wall Street was looking for $20.7 billion.

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