Lilly: Q3 Earnings Snapshot

INDIANAPOLIS (AP) — INDIANAPOLIS (AP) — Eli Lilly and Co. (LLY) on Thursday reported third-quarter profit of $6.45 billion.

The Indianapolis-based company said it had profit of $7.22 per share. Earnings, adjusted for one-time gains and costs, came to $7.48 per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $5.38 per share.

The drugmaker posted revenue of $24.4 billion in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $22.11 billion.

Lilly expects full-year earnings in the range of $35 to $36 per share, with revenue in the range of $91 billion to $92 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LLY at https://www.zacks.com/ap/LLY