Recap: Eli Lilly Q3 Earnings

Eli Lilly LLY reported its Q3 earnings results on Tuesday, November 1, 2022 at 06:25 AM.

Here's what investors need to know about the announcement.

Earnings

Eli Lilly beat estimated earnings by 3.12%, reporting an EPS of $1.98 versus an estimate of $1.92.

Revenue was up $168.80 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.44 which was followed by a 1.46% drop in the share price the next day.

Here's a look at Eli Lilly's past performance:

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

Eli Lilly management provided guidance for FY 2022, expecting earnings between $7.7 and $7.85 per share.

To track all earnings releases for Eli Lilly visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.