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BUZZ-Eli Lilly falls after weak Q4 sales forecast for weight-loss drug

ReutersJan 14, 2025 2:45 PM

** Drugmaker Eli Lilly's shares LLY.N fall 3.5% to $769

** Eli Lilly expects $1.9 billion in Q4 sales for weight-loss drug Zepbound, compared with estimates of $2.08 billion - LSEG data

** Sees Q4 sales of $3.5 billion for diabetes drug Mounjaro, below estimates of $5.35 billion

** Co expects 2025 revenue to be in the range of $58 billion to $61 billion, above analysts' estimates of $58.52 billion

** Says Q4 2024 revenue is expected to be about $13.5 billion, ~$400 million below the low-end of previous range

** Analysts expect Q4 revenue of $13.94 billion

** LLY stock rose ~32% in 2024

(Reporting by Sriparna Roy and Christy Santhosh in Bengaluru)

((Sriparna.Roy@thomsonreuters.com;))

Disclaimer: For information purposes only. Past performance is not indicative of future results.

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