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Thursday, May 7, 2020

-=Elanco Animal Health (ELAN) reported earnings on Thur 7 May 20 (b/o)

 Elanco Animal Health misses by $0.11, misses on revs; withdraws guidance
  • Reports Q1 (Mar) earnings of $0.13 per share, $0.11 worse than the S&P Capital IQ Consensus of $0.24; revenues fell 10.0% year/year to $657.7 mln vs the $720.19 mln S&P Capital IQ Consensus.
  • Long-term industry fundamentals remain intact; 2020 guidance withdrawn due to uncertainty of the duration and magnitude of impacts from the COVID-19 pandemic.

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