Eli Lilly and CompanyEli Lilly beat EPS estimates with adjusted EPS up 33% to $8.38 on revenue of $23 billion, driven by GLP-1 portfolio.
Twenty-one out of 22 healthcare companies that reported quarterly earnings this week delivered better-than-expected earnings per share, with Pfizer, Merck, and Eli Lilly among the major names topping Wall Street forecasts. Pfizer posted adjusted EPS of $0.77 on revenue of $15.03 billion and raised its full-year revenue guidance by $500 million at the midpoint to a range of $60.5 billion to $62.5 billion. Merck reported an adjusted loss of $0.13 per share while revenue rose 5.1% year over year to $16.61 billion, driven by Keytruda sales of $8.4 billion. Eli Lilly’s adjusted EPS jumped roughly 33% to $8.38 on revenue of $23 billion, powered by its GLP-1 portfolio including Zepbound and Mounjaro. Vertex Pharmaceuticals was the only firm to miss earnings estimates, while Zoetis and STERIS fell short on revenue.
Eli Lilly and CompanyEli Lilly beat EPS estimates with adjusted EPS up 33% to $8.38 on revenue of $23 billion, driven by GLP-1 portfolio.
Merck & Company IncMerck reported an adjusted loss but revenue rose 5.1% to $16.61 billion, beating EPS estimates.
Pfizer IncPfizer beat EPS estimates with adjusted EPS of $0.77 and raised full-year revenue guidance.
Vertex Pharmaceuticals IncVertex Pharmaceuticals was the only firm to miss earnings estimates.
STERIS plcSTERIS fell short on revenue, missing expectations.
Zoetis IncZoetis fell short on revenue, but the article does not specify the impact on earnings or stock direction.
Cardinal Health Inc
Merck KGaA