Lilly(Eli) & Co

Lilly(Eli) & Co (LLY) - Lilly Announces 2021 Financial Guidance, Updates 2020 Guidance.
Sees FY 2020 Non-GAAP Earnings per Share $7.45 to $7.65.
Sees FY 2020 Earnings per Share $6.28 to $6.48.
Sees FY 2020 Revenue $24.2 Billion to $24.7 Billion.
Earnings per Share (eps) for 2021 Are Expected to Be in Range of $7.25 to $7.90 on a Reported Basis and $7.75 to $8.40 on a Non-GAAP Basis.
2021 Revenue is Expected to Be Between $26.5 Billion and $28.0 Billion.
Operating Margin is Expected to Be Approximately 30 Percent on a Reported Basis and Approximately 32 Percent on a Non-GAAP Basis in 2021.
FY2020 Earnings per Share View $7.32, Revenue View $23.93 Billion -- Refinitiv Ibes Data (analyst estimates).
FY2021 Earnings per Share View $8.07, Revenue View $26.47 Billion -- Refinitiv Ibes Data (analyst estimates).
2020 Gross Margin As a Percent of Revenue Now Expected to Be About 79% on a Non-GAAP Basis.
In U.S., Sees Low-to-mid-single Digit Net Price Declines in 2021.
Outside U.S., Expects Net Price Declines in China, Japan and Europe in 2021.
Eli Lilly - Gross Margin As Percent of Revenue for 2021 is Expected to Be About 77% on a Reported Basis, and About 79% on a Non-GAAP Basis.
Operating Margin for 2021 is Expected to Be About 30% on a Reported Basis and About 32% on a Non-GAAP Basis.
Expect to Deliver Strong Cash Flow in 2021.