RTTNews | Aug 9, 2021 10:19AM EDT

10:18 Monday, August 9, 2021 (RTTNews.com) - Shares of Elanco Animal Health Incorporated (ELAN) are falling more than 17% Monday morning following second quarter results.

The company provided third-quarter adjusted EPS outlook of $0.15 and $0.19, that that comes in below analysts' view at $0.2. Revenue is expected in the third quarter in the range of $1.075 billion to $1.1 billion. The consensus estimate of analysts polled by Thomson Reuter stands at $1.09 billion.

For the full-year, Elanco lowered its EPS outlook to the range of $0.97- $1.03 from $1.00-$1.06 provided earlier. Analysts expect earnings of $1.04 per share for the year.

Revenue is expected between $4.68 million and $4.73 billion in the year. Analysts see earning of $4.71 billion for the period.

In the second quarter the company reported net loss of $210 million or $0.43 per share compared with net loss of $53 million or $0.13 per share a year ago.

Excluding items, earnings were $0.28 per share that beat the average estimate of analysts at $0.26 per share.

Revenue for the quarter increased to $1.279 billion from $586 million last year. The consensus estimate was for $1.23 billion.

ELAN, currently at $29.04, has traded in the range of $24.18-$37.49 in the last one year.

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