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2021-10-26

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Lilly raises 2021 outlook on higher COVID-19 drugs sales

Oct 26 (Reuters) - Eli Lilly and Co raised its full-year profit and revenue forecasts on Tuesday, ma

Lilly raises 2021 outlook on higher COVID-19 drugs sales

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The antibody treatments brought in $217 million in the third quarter, up from $149 million in the second quarter.</p>\n<p>The U.S. government in September bought 388,000 additional doses of Lilly's etesevimab, of which Lilly said it shipped about 250,000 doses in the three months ended Sept. 30.</p>\n<p>The company said it now expected adjusted earnings per share between $$7.95 and $8.05 this year, up from its previous forecast of $7.80 to $8.00.</p>\n<p>Excluding one-off items, Eli Lilly earned $1.94 per share, missing analyst estimates of $1.98 per share, on higher research and development expenses including for the COVID-19 drugs.</p>\n<p>Lilly&nbsp;shares&nbsp;rose&nbsp;more&nbsp;than&nbsp;1%&nbsp;in&nbsp;premarket&nbsp;trading.</p>\n<p><img src=\"https://static.tigerbbs.com/810de663a911c7baf185bbd4108e8cd6\" tg-width=\"879\" tg-height=\"581\" width=\"100%\" height=\"auto\"></p>\n<p></p>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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Lilly raises 2021 outlook on higher COVID-19 drugs sales

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