Why Eli Lilly (LLY) Stock price is Dropping Today
Eli Lilly (LLY) stock dropped about 9.83% today, May 1, 2025, trading at $810.55 per share. This decline happened even though the company reported strong first-quarter results that beat analyst expectations.
The main reason for the drop is Eli Lilly’s decision to lower its profit forecast for the year. While the company still expects to make between $58.0 billion and $61.0 billion in revenue, it reduced its earnings per share (EPS) prediction.
The new EPS estimate is between $20.78 and $22.28, down from the previous forecast of $22.50 to $24.00.
This cut in profit guidance is mainly due to costs related to acquired in-process research and development (IPR&D), which totaled about $1.57 billion in the first…
