drugmaker reported quarterly earnings of $1.75 per share, beating the $1.48 a
share consensus estimate. Revenue was also above Street forecasts. Lilly’s
worldwide revenue was boosted by $250 million due to COVID-19, but the company
said the virus could negatively impact results later in the year.
of the drugmaker rose 2.7% to $161 in early trading as the drugmaker’s
first-quarter revenue got a nearly $250 million boost due to the stay-at-home
orders that led people to stock up on its insulin products and diabetes drug
drug Trulicity brought in 40% higher revenue of $1.23 billion in the quarter.
Overall revenue rose 15% to $5.86 billion, exceeding Wall Street estimates of
$5.51 billion in the quarter.
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