INDIANAPOLIS (dpa-AFX) - While reporting financial results for the second quarter on Tuesday, drugmaker Eli Lilly and Co. (LLY) raised its earnings, adjusted earnings and revenue guidance for the full-year 2023.
For fiscal 2023, Eli Lilly now projects earnings in a range of $9.20 to $9.40 per share and adjusted earnings in a range of $9.70 to $9.90 per share on revenues between $33.4 billion and $33.9 billion.
Previously, the company expected earnings in the range of $8.18 to $8.38 per share and adjusted earnings in the range of $8.65 to $8.85 per share on revenues between $31.2 billion and $31.7 billion.
On average, analysts polled by Thomson Reuters expect the company to report earnings of $8.71 per share on revenues of $31.44 billion for the year. Analysts' estimates typically exclude special items.
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