INDIANAPOLIS (AP) 鈥� INDIANAPOLIS (AP) 鈥� Eli Lilly and Co. (LLY) on Thursday reported first-quarter earnings of $7.4 billion.
On a per-share basis, the Indianapolis-based company said it had profit of $8.26. Earnings, adjusted for one-time gains and costs, came to $8.55 per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $7.06 per share.
The drugmaker posted revenue of $19.8 billion in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $17.62 billion.
Lilly expects full-year earnings in the range of $35.50 to $37 per share, with revenue in the range of $82 billion to $85 billion.
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