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Home Industry News ProShare Purchases $9.5m of Elanco Animal Health’s Shares

ProShare Purchases $9.5m of Elanco Animal Health’s Shares

25th September 2023

ProShare Advisors has made a $9.5 million investment in over 1 million shares of Elanco Animal Health. This acquisition amounted to just over 0.2% of the business’s entire shareholding.

Elanco Animal Health recently announced its quarterly financial results. They revealed that their earnings per share were $0.18, which was significantly above experts’ projections of just $0.05.

The company’s sales for this time totalled $1.06 billion, which was more than the $1.04 billion expectation. However, their revenue fell by more than 10% from the same time 2022.

Elanco’s most recent financial performance points to bright development potential as it advances in the animal health sector. The corporation will generate earnings per share of 0.85 for 2023, according to estimates.

Elanco Animal Health seeks to maintain its standing as a leader in the animal health industry by extending its footprint in several market categories including farm and companion animals.

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