Eli Lilly's Q2 2024 Financial Report: Key Highlights

Thursday, 8 August 2024, 13:01

Eli Lilly and Company (NYSE: LLY) has reported impressive earnings for the second quarter of 2024. The pharmaceutical giant saw a significant revenue increase of 36% year-on-year, totaling $11.3 billion, largely driven by robust sales of its products Mounjaro, Zepbound, and Verzenio. In addition to the revenue growth, Eli Lilly has also raised its full-year financial guidance, indicating strong ongoing performance in the competitive pharmaceutical market.
AlphaStreet
Eli Lilly's Q2 2024 Financial Report: Key Highlights

Eli Lilly's Impressive Financial Performance

Eli Lilly and Company (NYSE: LLY) reported a remarkable increase in both revenues and profits for the second quarter of 2024. The financial highlights include:

  • 36% Year-on-Year Revenue Growth: Total revenue reached $11.3 billion.
  • Key Product Drivers: Sales from Mounjaro, Zepbound, and Verzenio were significant contributors to this growth.
  • Updated Guidance: The company raised its full-year financial guidance.

Conclusion

The strong performance and updated guidance from Eli Lilly indicate a promising outlook for the company in the pharmaceutical market.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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