INDIANAPOLIS (AP) - Eli Lilly and Co. (LLY) on Tuesday reported second-quarter net income of $1.33 billion, after reporting a loss in the same period a year earlier.
The Indianapolis-based company said it had profit of $1.44 per share. Earnings, adjusted for amortization costs and research and development costs, were $1.50 per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.46 per share.
The drugmaker posted revenue of $5.64 billion in the period.
Lilly expects full-year earnings in the range of $5.67 to $5.77 per share, with revenue in the range of $22 billion to $22.5 billion.
Lilly shares have fallen 6% since the beginning of the year, while the Standard & Poor’s 500 index has risen 21%. The stock has risen 13% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LLY at https://www.zacks.com/ap/LLY
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