Eli Lilly and CompanyEli Lilly reported Q1 revenue of $19.8B, up 55.5% YoY and beating estimates by 13.7%, driving shares up 41.1%.
Branded pharmaceutical stocks reported mixed first-quarter results, with the group beating revenue estimates by 3.6% on average. Eli Lilly led the pack with revenue of $19.8 billion, up 55.5% year-on-year and exceeding expectations by 13.7%, while Zoetis posted the weakest performance with revenue of $2.26 billion, up 2.9% but missing estimates by 2.1%. Organon revenue fell 3.5% to $1.46 billion, Supernus Pharmaceuticals grew 38.6% to $207.7 million, and Pfizer rose 5.4% to $14.45 billion. Since reporting, Eli Lilly shares have surged 41.1%, while Zoetis shares have dropped 35.8%.
Eli Lilly and CompanyEli Lilly reported Q1 revenue of $19.8B, up 55.5% YoY and beating estimates by 13.7%, driving shares up 41.1%.
Pfizer IncPfizer revenue rose 5.4% to $14.45B, beating estimates.
Supernus Pharmaceuticals IncSupernus Pharmaceuticals revenue grew 38.6% to $207.7M, beating estimates.
Organon & CoOrganon revenue fell 3.5% to $1.46B, missing estimates.
Zoetis IncZoetis revenue of $2.26B missed estimates by 2.1%, and shares dropped 35.8%.