UPDATE 2-Lilly posts 4th-qtr profit on lower tax rate

... Stock Market News and Investment Information RSS (Adds details) NEW YORK, Jan 26 (Reuters) - Eli Lilly and Co.

(LLY.N: Quote, Profile, Research) on Thursday reported a better-than-expected fourth-quarter profit due to a lower tax rate, and reaffirmed that earnings would grow 8 percent to 11 percent for full-year 2006, in line with Wall Street expectations.

The Indianapolis-based drugmaker earned $701 million, or 64 cents per share.

It reported a loss in the year-ago quarter of $2.4 million, or nil per share, after charges for a restructuring and taxes on repatriated earnings.

Excluding special items, the company earned 80 cents per share.

A decline in the company's tax rate helped Lilly beat the average forecast of 78 cents per share among analysts polled by Reuters Estimates.

Company revenue rose ...

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