April 25 Eli Lilly & Co's quarterly
profit fell on plunging sales of its Zyprexa schizophrenia drug,
but results handily topped Wall Street forecasts, helped by
strong sales of anti-depressant Cymbalta and demand for the
company's animal health products.
The Indianapolis drugmaker said on Wednesday it earned $1.01
billion, or 91 cents per share in the first quarter. That
compared with $1.06 billion, or 95 cents per share, in the
year-earlier period, when the company took a number of
restructuring and research-related charges.
Excluding special items, Lilly earned 92 cents per share.
Analysts, on average, had expected 78 cents per charge,
according to Thomson Reuters I/B/E/S.
Global company revenue fell 4 percent to $5.6 billion,
above Wall Street expectations of $5.36 billion.