Eli Lilly and Co. (LLY) on Thursday reported net income of $500.6 million in its third quarter.
On a per-share basis, the Indianapolis-based company said it had net income of 47 cents. Earnings, adjusted for non-recurring costs, were 66 cents per share.
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The results met Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was also for earnings of 66 cents per share.
The drugmaker posted revenue of $4.88 billion in the period, which topped Street forecasts. Analysts expected $4.84 billion, according to Zacks.
Lilly expects full-year earnings in the range of $2.72 to $2.80 per share, with revenue in the range of $19.4 billion to $19.8 billion.
Lilly shares have risen 27 percent since the beginning of the year, while the Standard & Poor's 500 index has risen slightly more than 4 percent. The stock has increased 29 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. LLY stock research report from Zacks: http://www.zacks.com/ap/LLY