Eli Lilly records higher than expected earnings in 2nd-qtr results
US drug major Eli Lilly’s (NYSE: LLY) recorded higher than expected earnings as growth in key products offset lower revenues following patent expirations, the company said in its second quarter results today.
In the second quarter of 2013, worldwide total revenue was $5.93 billion, an increase of 6% compared with the second quarter of 2012. This was above Wall Street expectations of $5.82 billion. Total revenue in the USA increased 13% to $3.39 billion driven by increased prices, primarily for Cymbalta (duloxetine). Total revenue outside the USA decreased by 2% to $2.53 billion.
Earnings per share
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