Stock Movers: Eli Lilly, Caterpillar, Royal Caribbean
Eli Lilly's shares jumped 7.3% after the company raised its annual sales and profit forecast due to soaring demand for obesity medications. Caterpillar's shares surged 9% after the company delivered stronger-than-expected quarterly earnings and raised its long-term revenue outlook.
Eli Lilly's shares rose 7.3% after the company raised its annual sales and profit forecast due to high demand for its obesity medications and new weight-loss pill. Caterpillar's shares surged 9% following stronger-than-expected quarterly earnings and a raised long-term revenue outlook. Royal Caribbean's shares also rose as the company's outlook suggested it could weather headwinds such as higher fuel costs. The cruise operator cut its full-year adjusted earnings forecast but demand remains resilient with April bookings exceeding last year. Royal Caribbean saw a rebound in bookings for Mediterranean itineraries after initial moderation due to geopolitical developments.
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