Lilly Spikes Post Alzheimer's Flop On Street-Topping 2017 Guidance

Eli Lilly (LLY) stock popped to a three-week high Thursday — its highest point since terminating a key Alzheimer's program in November — on its Wall Street-topping 2017 sales and earnings guidance.

Early Thursday, Lilly guided to $21.8 billion to $22.3 billion in 2017 sales, topping the consensus of 21 analysts polled by Thomson Reuters for $21.67 billion. Lilly also sees $4.05 to $4.15 earnings per share ex items, beating analysts' model for $3.97.

"This is the first time Lilly has...

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