Elanco, Eli Lilly report strong Q2 results, raise guidance
Elanco Animal Health reported better-than-expected second-quarter results and raised FY26 guidance above estimates, while Eli Lilly also reported better-than-expected second-quarter results and raised FY26 sales guidance, with the midpoint above estimates.
On CNBC’s “ Halftime Report Final Trades,” Jason Snipe, founder and chief investment officer of Odyssey Capital Advisors, recommended Netflix, Inc. (NASDAQ: NFLX ).
The streaming service’s shares were trading higher on Tuesday, extending a recent rebound as the stock works to reclaim key moving averages.
Meanwhile, Bill Ackman ‘s Pershing Square fund disclosed last week a 3.15 million-share Netflix position, representing 4.9% of its portfolio.
Don’t forget to check out our premarket coverage here Bryn Talkington, managing partner of Requisite Capital Management, picked Horizon Kinetics Inflation Beneficiaries ETF (NYSE: INFL ) as her final trade.
Stephanie Link, chief investment strategist, head of investment solutions and equity portfolio manager at Hightower Advisors, said Elanco Animal Health Incorporated (NYSE: ELAN ) has very strong fundamentals.
Lending support to her choice, Elanco Animal Health, on Aug.
5, reported better-than-expected second-quarter financial results and raised its FY26 guidance above estimates.
Also, the company issued third-quarter sales guidance above estimates.
The pet health company reported adjusted earnings of 34 cents, beating the consensus of 27 cents.
Sales jumped 10% year-over-year on a reported basis (+8% on constant currency) to $1.368 billion, better than the consensus of $1.313 billion.
Joseph M.
Terranova, senior managing director for Virtus Investment Partners, said Eli Lilly and Company (NYSE: LLY ) is about to make a new all-time high.
Supporting his view, Eli Lilly reported better-than-expected second-quarter financial results on Aug.
5 and raised its FY26 sales guidance, with the midpoint above estimates.
Price Action Horizon Kinetics Inflation Beneficiaries ETF fell 0.3% on Tuesday.
Elanco Animal Health shares gained 0.1% to settle at $23.64 during the session.
Eli Lilly shares gained 3.6% to close at $1,225.73 on Tuesday.
Netflix shares rose 2.3% to close at $77.77 on Tuesday.
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