1 Big Pharma Stock's Big Earnings Beat

Before you go, we thought you'd like these...
Before you go close icon
Eli Lilly's second quarter results soundly topped Wall Street expectations on both the top and bottom lines, and the company triumphantly raised its full-year guidance midpoint by 5%.

The earnings beat was a combination of factors including slashing operating expenses and seeing big gains from key drugs like Cymbalta, which saw 22% growth for the quarter.

In this video, health care analyst David Williamson discusses the quarterly highlights, key takeaways for Eli Lilly investors, and important catalysts coming for the stock in the back half of 2013.

Rising health care costs continue to be a hotly debated topic, and even legendary investor Warren Buffett called this trend "the tapeworm that's eating at American competitiveness." To learn more about what's happening to the health care system -- and how to potentially profit from this trend -- click here for free, immediate access.

Follow David on Twitter: @MotleyDavid.

The article 1 Big Pharma Stock's Big Earnings Beat originally appeared on Fool.com.

David Williamson owns shares of Pfizer, Zoetis and Eli Lilly. Follow David on Twitter: @MotleyDavid. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

People are Reading