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Biotech / Medical : Pharma News Only (pfe,mrk,wla, sgp, ahp, bmy, lly) -- Ignore unavailable to you. Want to Upgrade?

To: Anthony Wong who wrote (949)	10/21/1998 3:00:00 PM
From: Anthony Wong	Read Replies (2) \| Respond to of 1722

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