28 Nov

Inside Eli Lilly’s Revenue Trends in 3Q17

WRITTEN BY Mike Benson

A look at Eli Lilly

Eli Lilly (LLY) is a US-based multinational pharmaceutical company headquartered in Indianapolis. Its product portfolio includes human pharmaceuticals and animal health products. The company reported 9% YoY (year-over-year) growth in its top line to ~$5.7 billion for 3Q17.

Inside Eli Lilly’s Revenue Trends in 3Q17

Eli Lilly surpassed the Wall Street analysts’ 3Q17 revenue estimate of ~$5.5 billion as well as the EPS (earnings per share) estimate of $1.03, reporting $1.05 for the latest quarter.

Stock performance

LLY stock has risen ~10.1% over the past 12 months and 13.8% YTD (year-to-date). Its top-line increase was driven by the strong performance of human pharmaceuticals and animal health products. It reported net income of $1.1 billion for 3Q17, which was 19% higher YoY.

US markets contributed ~54.8% of LLY’s total revenues in 3Q17 at $3.1 billion, which was a 9% YoY rise, due to the increased sales of Basaglar, Jardiance, Lartruvo, Taltz, and Trulicity, and companion animal products including the acquired portfolio of US feline, canine, and rabies vaccines acquired from Boehringer Ingelheim.

The contribution from outside the US was ~45.1% of total 3Q17 revenues at ~$2.6 billion, which was 8% higher YoY and mainly driven by Humalog and Forteo sales.

Notably, the Health Care Select Sector SPDR ETF (XLV) has 2.6% of its total portfolio in Eli Lilly (LLY). XLV also has 1.9% in Allergan (AGN), 3.0% in Gilead Sciences (GILD), and 2.1% in Biogen (BIIB).

Latest articles

Broadcom (AVGO) stock fell ~8.5% after markets closed yesterday following the semiconductor giant's fiscal 2019 second-quarter earnings release. It missed analysts' revenue estimate and cut its fiscal 2019 revenue guidance by $2 billion to $22.5 billion due to sluggishness in its semiconductor solutions business.

The SPDR Gold Shares ETF (GLD), which tracks physical gold prices, has underperformed the broader markets year-to-date, rising just 4.4% compared to the S&P 500’s (SPY) gain of 15.9% as of June 14. The sentiment for gold, however, has been turning around.

Safe havens such as Treasuries and gold were back in favor on June 14 as stocks fell due to rising tensions in the Middle East, concerns over growth, and the looming threat of the US-China trade war. The tech-heavy Nasdaq Composite Index fell 0.67% in the first hour of trading.

Lululemon (LULU) stock rose 2.1% on June 13 in reaction to better-than-expected first-quarter results and an upgraded outlook for fiscal 2019 overall. The company's first-quarter adjusted EPS grew 34.5% to $0.74 on revenue growth of 20.4% to $782.32 million. Analysts had expected EPS of $0.70 and revenue of $755.31 million. Here's why the outlook got an upgrade.

14 Jun

IEA Again Slashes Its Oil Demand Growth Estimate

WRITTEN BY Rabindra Samanta

As of 4:40 AM Eastern Time today, US crude oil active futures were at $51.83, ~4% below their closing level in the previous week. If US crude oil prices stay at those levels today, they'll mark their third week of decline in five weeks.

Amazon is discontinuing its Amazon Restaurants service, which has been delivering food for restaurants in parts of the United States. Amazon Restaurants launched in the United States in 2015 and entered the British market the following year. However, it met strong opposition in the British market.