On April 23rd 2020, LLY held its Q1 2020 call. We dissect main points and summarize key takeaways for investors. Company comments cited below are from the conference call transcript.
Q1 Company Results
LLY outperformed in Q1 2020. The company posted Q1 non-GAAP EPS of $1.75 per share (+32% YoY, normalized for COVID-19 impacts described below of about +18%), beating Zack’s consensus estimate of $1.55. (+13%).
Revenue
Q1 revenue was up +15% YoY (volume up by +22%, pricing -6%) to $5.86bn. Adjusted for currency the growth was +16%
- Revenue performance was boosted by $250m