Elanco gains after revenue, profit forecast raise

Shares of animal health co Elanco ELAN.N rise 17.4% to $16.37

Co raises annual revenue forecast to be between $4.57 billion to $4.62 billion, compared to prior expectations of between $4.51 billion to $4.58 billion

Sees 2025 adjusted profit per share to be between 85 cents and 91 cents, above the range of 80 cents to 86 cents previously expected

Expects Q3 rev to be between $1.08 billion and $1.11 billion compared to est. of estimates of $1.08 billion, according to LSEG data

Co sees Q3 adj EPS to be between 12 cents and 16 cents vs est of 13 cents

"2025 momentum continues with another beat & raise" - Brokerage Leerink

Stock up 35.8% YTD