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Lilly Reports Third-Quarter 2013 Results

INDIANAPOLIS, Oct. 23, 2013 /PRNewswire/ --

  • Worldwide revenue increased 6 percent, driven by solid growth for Cymbalta, insulins, Animal Health, Alimta, Cialis and Trajenta.
  • Higher revenue and ongoing cost containment drove strong operating income growth.
  • Earnings per share totaled $1.11 for the third quarter of 2013.
  • 2013 earnings per share guidance narrowed to the range of $4.33 - $4.38 (reported), or $4.10 - $4.15 (non-GAAP).
  • Company reaffirms commitment to return cash to shareholders through its dividend and share repurchase program.
  • Eli Lilly and Company (NYSE: LLY) today announced financial results for the third quarter of 2013.$ in millions, except per share data

    Third Quarter


    GrowthTotal Revenue – Reported


    6%Net Income – Reported


    (9)%EPS – Reported



    (6)%Net Income – non-GAAP


    35%EPS – non-GAAP


    41%Certain financial information for 2013 and 2012 is presented on both a reported and a non-GAAP basis. Some numbers in this press release may not add due to rounding. Reported results were prepared in accordance with generally accepted accounting principles (GAAP) and include all revenue and expenses recognized during the period. Non-GAAP measures exclude the items described in the reconciliation tables later in the release. The non-GAAP measures are presented in order to provide additional insights into the underlying trends in the company's business. The company's 2013 financial guidance is also being provided on both a reported and a non-GAAP basis.

    "As we navigate through a period of expiring patents for some of our largest products, Lilly continues to de

    SOURCE Eli Lilly and Company
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