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Eli Lilly tops Q4 Wall St. view by penny...
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Eli Lilly Profit Jumps
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Stock News : Biotech/Pharmaceuticals
Eli Lilly Profit Jumps
By TSC Staff
1/26/2005 8:15 AM EST
Eli Lilly (LLY :NYSE - news - research) Wednesday posted solidly higher fourth-quarter net income, edging past analysts' EPS estimates thanks to its latest generation of drugs. The Indianapolis-based drugmaker had a net loss of $2.4 million, equivalent to zero cents a share, primarily due to a $465.0 million tax expense on the expected repatriation to the U.S. of $8.0 billion of eligible overseas earnings in 2005 under the American Jobs Creation Act of 2004, as well as the charges for the previously announced restructuring initiatives. That compares with a profit of $747.2 million, or 69 cents a share, in the year-ago period. Lilly ... Lilly reports continued sales growth...
Lilly reports continued sales growth
MARKETPLACE:
Classifieds Eli Lilly & Co. company information Star report January 26, 2005 Eli Lilly and Company reported today that sales increased 5 percent, to $3.644 billion, in the fourth quarter of 2004, capping a year of strong growth. The Indianapolis-based company said its newer
products - Lilly reported a net loss of $2.4 million and no
diluted earnings per share, primarily due to the tax expense on the
expected repatriation of overseas earnings under the American Jobs
Creation Act as well as charges for the restructuring
initiatives. Excluding certain items, the company's adjusted net
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