Lilly: 3Q Earnings Snapshot
INDIANAPOLIS (AP) — Eli Lilly and Co. (LLY) on Wednesday reported third-quarter net income of $1.25 billion.
On a per-share basis, the Indianapolis-based company said it had profit of $1.37. Earnings, adjusted for research and development costs and amortization costs, came to $1.48 per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.43 per share.
The drugmaker posted revenue of $5.48 billion in the period.
Lilly expects full-year earnings in the range of $5.75 to $5.85 per share, with revenue in the range of $22 billion to $22.5 billion.
Lilly shares have fallen 5% since the beginning of the year, while the Standard & Poor’s 500 index has increased 20%. The stock has fallen nearly 2% in the last 12 months.