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Why Eli Lilly Stock Just Jumped 8%

TheMotleyFool

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Why Eli Lilly Stock Just Jumped 8%Photo, wide shot, wide-angle lens, Pharmaceutical company, Midday, harsh overhead sunlight, directional sunlightt, photo by Art Wolfe: https://img.midjourneyapi.xyz/temp/7ae4a134-dd01-4c80-a621-18399f5a2541.png

Stock of Eli Lilly (NYSE: LLY), the famed Indianapolis pharmaceuticals giant, jumped 8.3% through 12:45 p.m. ET after the company reported a massive earnings beat this morning.

Heading into the quarter, Wall Street analysts forecast Lilly would earn $2.60 per share on sales of $9.9 billion. Instead, Lilly reported a blockbuster $3.92-per-share profit, and sales of $11.3 billion.

How did Lilly do that? Three words: Mounjaro, Zepbound, and... Verzenio.

Source Fool.com

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