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Eli Lilly cuts FY25 adjusted EPS view to $20.78-$22.28 from $22.50-$24.00

Consensus $22.40. Backs FY25 revenue view $58B-$61B, consensus $59.57B. Sees FY25 tax rate 17%. The company said, “Guidance for EPS for 2025 decreased to the range of $20.17 to $21.67 on a reported basis, driven by the acquired IPR&D charges and net losses on investments in equity securities and $20.78 to $22.28 on a non-GAAP basis, driven by the acquired IPR&D charges. The company’s updated 2025 financial guidance reflects adjustments shown in the reconciliation table below.”

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