Eli Lilly & Co. lowered its full-year guidance Wednesday after sales of its blockbuster weight-loss drug fell short of expectations, which the company blamed on inventory issues.
Robert Schein, chief investment officer at Blanke Schein Wealth Management, joins BNN Bloomberg to discuss trending stocks.
Zepbound sales were $1.26 billion in the quarter, Lilly said in a statement, shy of the $1.63 billion expected on average by analysts. Revenue from all products was $11.4 billion, short of the $12.2 billion average estimate of analysts.
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