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Shares of Eli Lilly (NYSE: LLY) jumped by 6% on Tuesday. The healthy gain came after the drugmaker raised its full-year 2020 revenue and earnings guidance, and provided a positive outlook for 2021. Lilly also announced plans to acquire Prevail Therapeutics (NASDAQ: PRVL) .
Investors love when a company's outlook improves. And Lilly's forecast looked better across the board.