In the following video, Motley Fool health care analyst David Williamson takes investors through Eli Lilly's mixed quarter. Though the company faces some big near-term difficulties owing to it stepping off a huge patent cliff this quarter, it managed to beat analysts' expectations, which drove shares up 4%. David discusses how the company was able to beat this quarter, just how much its patent cliff hurt, and what we can expect from the company this year.

David Williamson owns shares of Pfizer. Follow him on Twitter: @MotleyDavidThe Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.