Eli Lilly Reports Decline in Q3 Net Profit

From Benzinga Lightning Feed (October 20, 2011)

Eli Lilly and Co (NYSE: LLY) reported a drop in its third-quarter net profit on Thursday.

Eli Lilly's quarterly net profit declined to $1.24 billion, or $1.11 per share, from $1.30 billion, or $1.18 per share, in the year-ago period. Its revenue gained 9% to $6.15 billion. Eli Lilly's adjusted earnings per share came in at $1.13. However, analysts were expecting earnings of $1.13 per share on revenue of $6.07 billion.

Eli Lilly revised its 2011 earnings forecast to between $3.89 per share and $3.94 per share.

Eli Lilly shares gained 0.13% to $38.75 in after-hours trading.

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Posted: October 2011


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