Why Eli Lilly Stock Is Sinking Today

Shares of Eli Lilly (NYSE: LLY) are sliding on Thursday. The stock lost 8.3% as of 12:21 p.m. ET. The leg down comes as the S 500 (SNPINDEX: ^GSPC) gained 1% and the Nasdaq Composite (NASDAQINDEX: ^IXIC) gained 1.9%.

The pharmaceutical giant released earnings that disappointed investors despite strong sales growth. The company lowered its full-year 2025 profit outlook following a recent cancer treatment acquisition deal.

Eli Lilly's Q1 report showed strong earnings and sales growth. The company posted adjusted earnings per share (EPS) of $3.34 on $12.73 billion in sales. Wall Street had expected $3.02 on $12.67 billion.

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Source Fool.com