INDIANAPOLIS (AP) — INDIANAPOLIS (AP) — Eli Lilly and Co. (LLY) on Wednesday reported fourth-quarter net income of $6.64 billion.
The Indianapolis-based company said it had net income of $7.39 per share. Earnings, adjusted for one-time gains and costs, came to $7.54 per share.
The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $6.99 per share.
The drugmaker posted revenue of $19.29 billion in the period, also topping Street forecasts. Six analysts surveyed by Zacks expected $17.87 billion.
For the year, the company reported profit of $20.64 billion, or $22.95 per share. Revenue was reported as $65.18 billion.
Lilly expects full-year earnings in the range of $33.50 to $35 per share, with revenue in the range of $80 billion to $83 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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