July 24, 2018 / 10:41 AM / a month ago

Eli Lilly posts quarterly loss

July 24 (Reuters) - Eli Lilly and Co posted a second-quarter loss on Tuesday, hurt by acquisition-related charges to the tune of $1.62 billion.

The company incurred a net loss of $259.9 million, or 25 cents per share, in the second quarter, compared with a profit of $1.01 billion, or 95 cents per share, a year earlier.

Revenue rose 9.1 percent to $6.36 billion. (Reporting by Tamara Mathias in Bengaluru Editing by Supriya Kurane)

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