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Eli Lilly misses third-quarter profit amid soaring demand for weight-loss drug
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Eli Lilly misses third-quarter profit amid soaring demand for weight-loss drug
Nov 3, 2024 2:50 PM

Oct 30 (Reuters) - Eli Lilly ( LLY ) missed Wall Street

estimates for third-quarter profit on Wednesday, even as demand

for its weight-loss drug soared, hurt by higher manufacturing

and acquisition-related costs.

The company earned $1.18 per share on an adjusted basis for

the quarter ended Sept.30, compared with analysts' average

estimate of $1.47, according to LSEG data.

(Reporting by Bhanvi Satija and Christy Santhosh in Bengaluru;

Editing by Sriraj Kalluvila)

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