MedWatch

Eli Lilly downgrades after underwhelming report, though diabetes business advances

The US-based pharmaceutical firm has adjusted its earnings per share forecast following a quarter with fewer sales than analysts had expected.

Photo: VINCENT KESSLER/REUTERS / X00403

On Thursday, Eli Lilly publicized its second quarter figures for 2022 alongside a guidance downgrade containing a revised expectation for its earnings per share to USD 7.9–8.05 from a previous USD 8.15–8.3.

The previous prognosis did not hold water due to currency headwinds, but the company’s sales guidance is being maintained due to additional sales of Covid-19 treatment bebtelovimab.

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