08:50 AM EDT, 08/08/2024 (MT Newswires) -- Health care stocks were edging higher pre-bell Thursday as the iShares Biotechnology ETF (IBB) was up 1% and the Health Care Select Sector SPDR Fund (XLV) was inactive recently.

Eli Lilly ( LLY ) shares rose more than 12% after the company reported higher Q2 non-GAAP earnings and revenue. The company also increased its full-year guidance for non-GAAP earnings per share and revenue.