Why Eli Lilly Stock Just Dropped
One day after reporting Q4 earnings, Eli Lilly (NYSE: LLY) shares tumbled 6% through 10:05 a.m. ET Thursday.
Earnings weren't the problem. Lilly beat analyst forecasts for $6.93 per share in profit on sales of $17.9 billion, reporting a $7.54 profit on sales of $19.3 billion instead. (Lilly also gave great guidance, forecasting full-year 2026 earnings between $33.50 and $35 per share.)
Investors, however, are reacting negatively to news from Eli Lilly competitor Hims & Hers Health (NYSE: HIMS).
Source Fool.com
