Lilly Sees 2006 Earnings Rising 63 Percent From 2005 (Update5)

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9 (Bloomberg) - Eli Lilly & Co., maker of the top- selling schizophrenia drug Zyprexa, forecast that 2006 earnings per share will rise 63 percent on expanding sales of its newest products.

Lilly shares jumped the most since April.

Net income next year will increase to $3.10 to $3.20 a share from this year's projected $1.90 to $1.96, which includes 90 cents in product liability costs, Indianapolis-based Lilly said today.

Earnings in 2004 were $1.81 billion, or $1.66 a share.

Demand for the cancer treatment Both were introduced in 2004.

Under Chief Executive Officer Sidney Taurel, Lilly has beaten earnings estimates at least six quarters in a row.

Taurel and executives are briefing investors in New York today ...

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