Eli Lilly Earnings Fall 5%

Eli Lilly said its first-quarter earnings included a charge of 12 cents a share from the impact of U.S. health care reform.

Author:
Joseph Woelfel
Publish date:
Apr 19, 2010 6:53 AM EDT

INDIANAPOLIS (

TheStreet

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Eli Lilly's

(LLY) - Get Eli Lilly and Company Report

first-quarter earnings fell 5% to $1.25 billion, or $1.13 a share, as revenue rose 9% to $5.49 billion.

On an adjusted basis, Lilly earned $1.18 a share. Analysts surveyed by Thomson Reuters expected Lilly to earn $1.10 a share on revenue of $5.56 bilion.

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First-quarter earnings included a charge of 12 cents a share from the impact of U.S. health care reform.

Lilly said 2010 adjusted earnings are expected in the range of $4.40 to $4.55 a share, including a reduction of about 35 cents a share from changes to the health care law. Analysts forecast 2010 earnings of $4.73 a share.

-- Reported by Joseph Woelfel in New York.

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