Market News AIOpen the app

Elanco Animal Health had a great third quarter, with earnings of 27 cents per share and sales of $1.265 billion.

ResultsRead the original at Benzinga
Good for ELAN

Elanco beat third-quarter sales and adjusted profit estimates and raised its full-year sales and profit forecasts. Its fourth-quarter adjusted profit forecast is 16–19 cents per share, versus an 18-cent estimate, but the stronger quarter and higher yearly forecasts point to improvement.

ELAN · Elanco Animal Health Incorporated

AI read · Good for ELAN

The AI's read

Pet owners and veterinarians chose Elanco’s newer medicines more often, and those products gained clinic reach and market share. The company also raised its full-year sales and adjusted profit forecasts. Its fourth-quarter adjusted profit range runs from below to above the 18-cent estimate, but the stronger quarter and higher yearly forecasts carry more weight.

Get alerts for ELAN

Follow Elanco Animal Health Incorporated (ELAN) free. When we publish a story about it, you get the plain-English explanation as an alert.

Get alerts for ELAN
Free on the App Store and Google Play, or on the web.