Why Eli Lilly Stock Is Jumping Today

Investors are cheering the big-pharma company's improved outlook.Shares of Eli Lilly and Company (LLY 4.95%) were jumping 6% higher as of 11:03 a.m. ET on Tuesday. The solid gain came after the big drugmaker announced its first-quarter 2024 results.Lilly reported Q1 revenue of $8.77 billion, up 26% year over year. This result came in a little below the average analyst's revenue estimate of $8.92 billion.However, Lilly made up for the miss with its bottom line. The company posted Q1 net income of $2.24 billi ...