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Thursday, July 30, 2020

Lilly Q2 Trulicity sales up 20%; EPS guidance raised

July 30, 2020

Eli Lilly (LLY) Q2 results:
Revenues: $5,499.4M (-2.4%).
Key product sales: Trulicity: $1,229.8M (+20%); Humalog: $555.1M (-18%); Alimta: $539.1M (-7%); Taltz: $395.2M (+12%); Humulin: $313.6M (-3%); Basaglar: $290.4M (flat); Forteo: $252.7M (-30%); Jardiance: $262M (+31%); Cyramza: $256.7M (+6%); Verzenio: $208.6M (+56%); Olumiant: $145.0M (+42%).
Net Income: $1,412M (+6.4%); EPS: $1.55 (+7.6%); non-GAAP Net Income: $1,721.2M (+24.0%); non-GAAP EPS: $1.89 (+26.0%).
2020 guidance: Revenue: $23.7B-24.2B (unch); EPS: $6.48 – 6.68 from $6.20 – 6.40; non-GAAP EPS: $7.20 – 7.40 from $6.70 – 6.90.
The negative impact of the COVID-19 on Q2 included ~$250M of decreased customer buying largely offsetting product stocking in Q1, as well as ~$250M of lower revenue due to delayed new patient prescription trends.

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