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... Lilly Announces Third-Quarter Earnings Per Share of $.69; Company Also Details Restructuring Activities Lilly Announces Third-Quarter Earnings Per Share of $.69; Company Also Details Restructuring Activities Eli Lilly and Company logo.

(PRNewsFoto)[AG] INDIANAPOLIS, IN USA 12/19/2003 Changes in Various Functional Areas Designed to Increase Productivity of Organization INDIANAPOLIS, Ind., Oct.

21 /PRNewswire-FirstCall/ - Eli Lilly and Company (NYSE: LLY) today announced financial results for the third quarter of 2004.

The company also announced several actions designed to increase the productivity of the company, to address current challenges in the marketplace, and to leverage prior investments in the company's product portfolio.

The actions affect primarily operations in research and development, manufacturing, and sales and marketing components, and will have an impact on both infrastructure and personnel.

These decisions are integral parts of the company's ongoing efforts to implement a highly productive innovation-based strategy that will address challenges in the current business environment as well as provide sustainable earnings growth.

Restructuring The restructuring activities described below will result in the elimination of approximately 1,000 positions, of which 575 relate to changes in the sales and marketing component that were announced last week.

The individuals affected by the eliminated positions will be given the opportunity to f...

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Lilly to Cut More Jobs; Q3 Earnings And Sales Increase 10/21/2004 3:19:16 PM to Inside INdiana Business Stock Analyst Mark...

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