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Lilly Has Solid Quarter
Drug giant Eli Lilly(LLY Quote) posted solid earnings gains Thursday, boosted by sales of its blockbusters.
Lilly earned $692.2 million, or 64 cents a share, in the quarter, both up about 5% from a year ago on an 11% jump in revenue to $3.09 billion. Analysts had been forecasting earnings of 60 cents a share in the period.
The company's schizophrenia medication Zyprexa did $1.05 billion in revenue, up 15%, while sales of its diabetes portfolio rose 4% to $640 million. ...
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