Lilly matches 3Q earnings expectations, tops revenue forecasts

MarketsAssociated Press

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 ( using data from Zacks Investment Research. LLY stock research report from Zacks:


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