Eli Lilly Exceeds Earnings, Raises 2025 Guidance
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Eli Lilly exceeded second-quarter earnings expectations, driven by strong sales of its weight-loss and diabetes drugs, Mounjaro and Zepbound. Revenue reached $15.56 billion, surpassing forecasts. The company raised its 2025 sales guidance to $60-$62 billion, reflecting strong growth. While late-stage trial data for its obesity pill, orforglipron, fell short of expectations, causing a temporary stock dip, CEO David Ricks expressed optimism about the company's future. The results come amidst potential tariffs on imported pharmaceuticals.
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