INDIANAPOLIS (AP) — INDIANAPOLIS (AP) — Eli Lilly and Co. (LLY) on Thursday reported second-quarter profit of $5.66 billion.
The Indianapolis-based company said it had net income of $6.29 per share. Earnings, adjusted for one-time gains and costs, came to $6.31 per share.
The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $5.61 per share.
The drugmaker posted revenue of $15.56 billion in the period, also beating Street forecasts. Seven analysts surveyed by Zacks expected $14.75 billion.
Lilly expects full-year earnings in the range of $21.75 to $23 per share, with revenue in the range of $60 billion to $62 billion.
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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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