Eli Lilly (LLY) Lags Q3 Earnings and Revenue Estimates

Eli Lilly (LLY) came out with quarterly earnings of $1.18 per share, missing the Zacks Consensus Estimate of $1.52 per share. This compares to earnings of $0.10 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of -22.37%. A quarter ago, it was expected that this drugmaker would post earnings of $2.64 per share when it actually produced earnings of $3.92, delivering a surprise of 48.48%. Over the last four quarters, the company has ...