Lilly CFO Sees 1998 EPS at $1.93 to $1.94, 1999 at $2.25-$2.30
Bloomberg News
October 21, 1998, 12:58 p.m. ET
Lilly CFO Sees 1998 EPS at $1.93 to $1.94, 1999 at $2.25-$2.30
Indianapolis, Oct. 21 (Bloomberg) -- Eli Lilly & Co. could
have 1998 per-share earnings of $1.93 to $1.94 and 1999 per-share
earnings of $2.25 to $2.30, said Charles Golden, the company's
chief financial officer.
Lilly had been expected to earn $1.93 a share in 1998 and
$2.28 a share in 1999, the average estimates of analysts polled
by First Call Corp. Golden said the company was not guiding
analysts to a higher estimate of $1.95 a share for 1998 profit.
Golden's comments were made during a conference call after
Lilly reported a 30 percent increase in third-quarter profit.
Profit before a charge for the world's 10th-largest
drugmaker rose to $595 million, or 53 cents a share, from net
income of $456.9 million, or 40 cents, a year earlier. Sales rose
19 percent to $2.57 billion from $2.16 billion.
A charge of $76.8 million, or 7 cents a share, for a payment
to Icos Corp. for their impotence-pill collaboration, resulted in
net income of $518.2 million, or 46 cents.
--Kerry Dooley in the Princeton newsroom (609) 279-4016/gfh |
