What Happened With Eli Lilly and Company Stock Today?

Eli Lilly and Company LLY shares traded higher on Monday. The stock has been trending higher since the company reported third-quarter earnings.

What To Know: Eli Lilly posted third-quarter financial results on Nov. 2 before the open of the market. The company reported quarterly earnings of 10 cents per share, which beat the analyst consensus estimate of losses of 15 cents, and quarterly sales of $9.50 billion, which beat the analyst consensus estimate of $8.95 billion.

While full-year 2023 revenue guidance was reduced to between $6.50 and $6.70, from prior guidance of between $9.70 and $9.90, and the consensus of $7.97, Eli Lilly stock has gained in the days following the better-than-expected earnings results.

Also, since the report, Morgan Stanley analyst David Phung maintained Eli Lilly with a Overweight and raised the price target from $673 to $722 on Nov. 3.

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LLY Price Action: Shares of LLY were down 0.02% at $595.19 in the after-hours session at the time of publication, according to Benzinga Pro.

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