Lilly: 2Q Earnings Snapshot
INDIANAPOLIS (AP) _ Eli Lilly and Co. (LLY) on Tuesday reported a second-quarter loss of $259.9 million, after reporting a profit in the same period a year earlier.
The Indianapolis-based company said it had a loss of 25 cents per share. Earnings, adjusted for research and development costs and amortization costs, were $1.50 per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.31 per share.
The drugmaker posted revenue of $6.36 billion in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $6.09 billion.
Lilly expects full-year earnings in the range of $5.40 to $5.50 per share, with revenue in the range of $24 billion to $24.5 billion.
Lilly shares have climbed 5 percent since the beginning of the year, while the Standard & Poor’s 500 index has climbed 5 percent. The stock has climbed 5 percent in the last 12 months.