Lilly sees slower profit growth in 2007
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Eli Lilly and Co. on Thursday is on track to meet its 2006 growth forecast of 8 percent to 12 percent, but projected slower profit growth for 2007 even though its revenues will grow at a faster pace next year.
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Eli Lilly (LLY:NYSE - news - research) Thursday confirmed earnings guidance and updated its drug pipeline efforts. The Indianapolis-based company still expects EPS of 73 cents to 75 cents and $2.80 to $2.82
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The chemical maker reported a quarterly profit that was lower than expected, in part due to weak demand from the housing and auto markets.
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DuPont Co. , the No. 2 U.S. chemical maker, on Tuesday posted a lower quarterly profit after a large tax gain a year earlier and forecast earnings growth in 2005.
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The U.S. manufacturing sector will grow at a slower pace over the next two years than it did in 2006, according to a new report, as new clean-air rules for diesel engines, and continued weakness in the housing and auto industries, weigh on key industrial end markets.
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Eli Lilly posted better-than-expected second-quarter earnings, helped by surging sales of its prescription drugs, and the company raised its 2007 profit forecast.
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The economy could be headed for slower growth in the next several months, according to a report released Thursday by a private research group.
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Wal-Mart expects slower sales growth over the next three years and will spend less on new stores.
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NEW YORK -- Pharmaceutical company Eli Lilly and Co. on Thursday issued 2007 earnings estimates that are below Wall Street's current expectations.
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US home sales and price declines in 2007 are going to be steeper than earlier forecast, contributing to slower economic growth, the National Association of Realtors said.
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Flu vaccine manufacturer expected to report significantly lower profits.
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Eli Lilly and Co.  said on Wednesday its fourth-quarter earnings fell, hurt by a number of special charges.
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Eli Lilly and Co  on Tuesday said fourth-quarter profit rose on lower taxes and better-than-expected sales of its medicines, including its newer treatments for depression, diabetes and cancer.
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Wall Street profits from U.S.   operations may fall 23 percent next year as the economy slows,   corporate earnings growth moderates and fees decline, a new   study shows.
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Eli Lilly & Company reported fourth-quarter earnings of $854.4 million, or 78 cents a share, compared with $132.3 million, or 12 cents a share, a year ago.
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The pharmaceutical company reported a 5 percent increase in fourth-quarter earnings but said growth would slow this year as generic competition picked up.
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Diversified manufacturer Honeywell International Inc.  said on Thursday it expects profit to rise 13 percent to 17 percent in 2007, to $2.85 to $2.95 per share.