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Lilly's 1st-Quarter Profit Jumps 84% as Expenses Fall (Update2)...
Bloomberg.com:
U.S. Updated: New York: Apr 18 10:00London: Apr 18 15:00Tokyo: Apr 18 23:00 : Regions Top Worldwide Regions Asia Australia & New Zealand Canada Europe Germany Japan Latin America U.K. U.S. Markets Economy/Politics Commentary Sports Culture RESOURCES: Bloomberg TV Bloomberg Radio Markets U.S. E-Mail This Story Printer-Friendly Format Bank of America Profit Rises 75 Percent as FleetBoston Bolsters Results Adobe to Buy Macromedia for $3.4 Billion, Adding Flash Web-Design Software 3M's Net Income Gains 12 Percent, Led by Optical Film, Healthcare Units Lilly's 1st-Quarter Profit Jumps 84% as Expenses Fall (Update2) April 18 (Bloomberg) - Eli Lilly & Co., maker of the world's top-selling schizophrenia medicine Zyprexa, reported an 84 percent jump in first-quarter earnings as expenses fell and sales of new products such as the antidepressant Cymbalta rose. Net income increased to $736.6 million, or 68 cents a share, from $400.4 million, or 37 cents, a year earlier, when acquisition costs reduced profit. Sales rose 4 percent to $3.5 billion, held down by new agreements with drug distributors limiting inventory, Lilly said in a statement today.
The Indianapolis-based company said newer medicines such as
Cymbalta, the cancer treatment Eli Lilly Q1 profit jumps 84%...
Eli Lilly Q1 profit jumps 84%
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