08:55 AM EDT, 10/30/2024 (MT Newswires) -- Health care stocks were declining premarket Wednesday with the iShares Biotechnology ETF (IBB) slightly lower and the Health Care Select Sector SPDR Fund (XLV) down 1.4% recently.

Eli Lilly ( LLY ) shares fell by over 10% after the company reported Q3 non-GAAP earnings and revenue that missed analysts' expectations. The company also lowered its full-year 2024 non-GAAP earnings per share guidance.