INDIANAPOLIS (AP) – Eli Lilly and Co. (LLY) on Thursday reported first-quarter profit of $1.46 billion.
The Indianapolis-based company said it had profit of $1.60 per share. Earnings, adjusted for one-time gains and costs, came to $1.75 per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.55 per share.
The drugmaker posted revenue of $5.86 billion in the period.