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Lilly Reports Third-Quarter 2011 Results
Date:10/20/2011

INDIANAPOLIS, Oct. 20, 2011 /PRNewswire/ --

  • Third-quarter 2011 revenue grew 9 percent to $6.148 billion due to increased demand for several key brands and favorable exchange rates.
  • Revenue for Cymbalta, Humalog, Forteo, Strattera, Cialis and Alimta all grew in double-digits, with strong growth also seen in animal health, Japan and China.
  • Q3 operating expense growth was driven primarily by marketing efforts to support new launches, investments in research and development, and exchange rates.
  • Clinical pipeline now contains 66 potential new medicines, including 10 in Phase III.
  • Company delivered third quarter earnings per share of $1.11 (reported), or $1.13 (non-GAAP).
  • 2011 earnings per share guidance range revised to $3.89 - $3.94 (reported), or $4.30 – $4.35 (non-GAAP).

  • Eli Lilly and Company (NYSE: LLY) today announced financial results for the third quarter of 2011.$ in millions, except per share data

    Third Quarter

    %20112010

    GrowthTotal Revenue – Reported

    $6,147.9$5,654.8

    9%Net Income – Reported

    1,236.31,302.9

    (5)%EPS – Reported1.111.18

    (6)%Net Income – non-GAAP

    1,253.81,341.4

    (7)%EPS – non-GAAP

    1.131.21

    (7)%Financial results for 2011 and 2010 are presented on both a reported and a non-GAAP basis. Reported results were prepared in accordance with generally accepted accounting principles (GAAP) and include all revenue and expenses recognized during the period. Non-GAAP results exclude the items described in the reconciliation tables. The non-GAAP results are presented in order to provide additional insights into the underlying trends in the company's business. The company's 2011 financial guidance is also being provided on both a reported and a non-GAAP basis.

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    SOURCE Eli Lilly and Company
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