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What to Watch When Eli Lilly (LLY) Reports Q3 Results

NEW YORK (TheStreet) -- Shares of Eli Lilly (LLY) were lower in mid-afternoon trading on Monday ahead of the company's 2016 third quarter earnings, due out before tomorrow's opening bell.

Wall Street is expecting earnings and revenue to increase year-over-year.

Analysts surveyed by FactSet are forecasting that the Indianapolis-based pharmaceutical company will post adjusted earnings of 96 cents per share on revenue of $5.29 billion.

During the same period a year ago, Eli Lilly earned 89 cents per share on revenue of $4.96...