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18, 2005 Lilly earnings rise, but outlook below estimates Associated Press INDIANAPOLIS, Ind.

- The drugmaker Eli Lilly & Co.

on Monday said its profit climbed in the first quarter, beating expectations on strong sales of newer products, but said its profit for the second quarter would be below current Wall Street estimates.

Earnings rose to $736.6 million, or 68 cents per share, in the January-March period from $400.4 million, or 37 cents per share, a year ago.

Year-ago figures reflect acquired in-process research and development expenses of $362.3 million.

Excluding that expense, and assuming the expensing of stock options, net income for the 2004 quarter was $671.4 million, or 62 cents per share.

The result for the...

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Kiplinger Store: Try a free issue of Kiplinger's Personal Finance magazine Email this Print this SEARCH THE NEWS Search the News by Keyword or Symbol Search for: NEWS HIGHLIGHTS April 18 8:15 AM ET 'Eli Lilly's 1Q Earnings Top Estimates ' INDIANAPOLIS, Ind.

(AP) - The drugmaker Eli Lilly & Co.

on Monday said its profit climbed in the first quarter, beating expectations on strong sales of newer products, but said its profit for the second quarter would be below current Wall Street estimates.

Earnings rose to $736.6 million, or 68 cents per share, in the January-March period from $400.4 million, or 37 cents per share, a year ago.

Year-ago figures reflect acquired in-process research and development expenses of $362.3 million.

Exclud...

... Lilly Reports $.68 Earnings Per Share in the First Quarter Lilly Reports $.68 Earnings Per Share in the First Quarter Eli Lilly and Company logo.

(PRNewsFoto) INDIANAPOLIS, IN USA 12/19/2003 Newer Products Contribute More Than $500 Million, or 14 Percent of Total Sales INDIANAPOLIS, Ind., April 18 /PRNewswire-FirstCall/ - Eli Lilly and Company (NYSE: LLY) announced financial results for the first quarter of 2005.

First-Quarter Highlights * Sales increased 4 percent, to $3.497 billion.

* Sales would have increased an estimated 7 percent if not for approximately $130 million of reductions in wholesaler inventory levels during the first quarter as a result of Lilly recently restructuring arrangements with its U.S.

wholesalers.

* Newer products - * Net income and earnings per share increased 84 percent, to $736.6 million and $.68, respectively, compared with reported first-quarter 2004 net income of $400.4 million and $.37 per share.

This first-quarter year-to-year comparison is affected by two factors: (1) a non-tax-deductible charge in the first quarter of 2004 for acquired in-process research and development (IPR&D) related to the acquisition of Applied Mole...