Eli Lilly Misses Revenue, Stock Tumbles
This is a news story, published by CNBC, that relates primarily to Eli Lilly news.
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earningsCNBC
•Eli Lilly stock tumbles 10% after missing estimates and slashing profit guidance
83% Informative
Eli Lilly reported third-quarter adjusted profit and revenue that missed expectations, sending its stock tumbling roughly 10% .
The drugmaker now expects full-year adjusted earnings of between $13.02 to $14.52 per share, down from $ 16.60 per share.
Eli Lilly also lowered the high-end of its revenue outlook for the year and now expects sales of $45.4 billion and $46 billion .
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