Eli Lilly Q4 Adjusted Earnings, Revenue Advance; Issues 2024 Outlook; Shares Rise Pre-Bell

Eli Lilly (LLY) reported Q4 non-GAAP earnings Tuesday of $2.49 per share, up from $2.09 a year earlier.

Analysts polled by Capital IQ expected $2.37.

Revenue for the quarter ended Dec. 31 was $9.35 billion, up from $7.30 billion a year earlier.

Analysts surveyed by Capital IQ expected $8.97 billion.

The company said it expects fiscal 2024 non-GAAP EPS of $12.20 to $12.70 on revenue of $40.4 billion to $41.6 billion. Analysts surveyed by Capital IQ expect normalized EPS of $12.38 and revenue of $39.14 billion.

Eli Lilly shares were up more than 4% in Tuesday pre-market activity.

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