INDIANAPOLIS (AP) 鈥� INDIANAPOLIS (AP) 鈥� Eli Lilly and Co. (LLY) on Wednesday reported second-quarter net income of $7.1 billion.
The Indianapolis-based company said it had net income of $7.94 per share. Earnings, adjusted for one-time gains and costs, were $8.38 per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $6.01 per share.
The drugmaker posted revenue of $22.97 billion in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $20.26 billion.
Lilly expects full-year earnings to be $35.50 to $36.50 per share, with revenue in the range of $85 billion to $87 billion.
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