Eli Lilly Q3 Earnings: Mounjaro Sales More Than Double, Takes $2.98 Billion Hit To Profit, Cuts Annual Outlook, Stock Tanks
Portfolio Pulse from Vandana Singh
Eli Lilly's Q3 earnings report showed a significant revenue increase driven by Mounjaro sales, but missed expectations, leading to a stock drop. The company also lowered its 2024 guidance.

October 30, 2024 | 11:51 am
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Eli Lilly's Q3 earnings report showed a 20% revenue increase but missed expectations, leading to a 10.50% stock drop. Mounjaro sales more than doubled, but the company lowered its 2024 guidance.
Eli Lilly's Q3 earnings report showed a significant revenue increase driven by Mounjaro sales, but it missed expectations, leading to a 10.50% stock drop. The company also lowered its 2024 guidance, which is likely to negatively impact investor sentiment in the short term.
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