Eli Lilly: 4th quarter consensus beaten
(CercleFinance.com) - Eli Lilly reported better-than-expected fourth-quarter results on Thursday, and provided forecasts for 2025 that exceeded market expectations.
This morning, the US pharmaceutical group reported a more than doubling of net income to $4.4 billion, or $4.88 per share, compared with $2.2 billion, or $2.32 per share, for the last three months of 2023.
Excluding non-recurring items (non-GAAP), earnings per share came to $5.32, well above the consensus target of $5.08.
Sales jumped by 45% to over 13.5 billion, again exceeding the consensus of 13.4 billion.
Sales volumes soared by 48%, driven by its diabetes and obesity treatments Mounjaro and Zepbound, more than offsetting a negative price effect of 4%.
For 2025, the Indianapolis (Indiana)-based laboratory is forecasting earnings per share of between $22.05 and $23.55, on expected sales of between $58 and $61 billion, with average estimates exceeding those currently established by consensus.
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