Lilly sees disappointing profit growth in 2007
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Eli Lilly and Co. on Thursday  reaffirmed it expects its 2006 earnings to rise 8 percent to 12  percent, but projected disappointing profit growth for 2007  even though its revenues will grow at a faster pace next year.
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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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Eli Lilly and Co.  on Thursday said its third-quarter earnings rose as growing demand for its medicines offset higher spending to market recently approved treatments.
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The company reported a sharp decline in its fourth-quarter profit compared with results a year ago that were fattened by a gain, but sales were up 1.7 percent.
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INDIANAPOLIS, July 24  â Eli Lilly, with help from its core medicines Zyprexa and Cymbalta, beat Wall Streetâs second-quarter expectations Tuesday, although profits fell 19 percent at the pharmaceutical company because of acquisition costs.
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Time Warner Inc  said on Wednesday it expects profit growth to slow in 2008 but possibly exceed Wall Street estimates after it reported quarterly earnings that reflected increases in broadband and phone subscribers and sales of "Harry Potter" and "300" home videos.
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Eli Lilly and Co. LLY.N on Thursday  said it expects 2005 earnings to rise as higher sales of its  newer drugs offset a decline in its top-selling schizophrenia  drug Zyprexa.
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The drug maker said its fourth-quarter profit fell 70 percent from a year-ago period that included the sale of its consumer health business, but adjusted profit topped Wall Street expectations.
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US drugs company Merck said its profits will fall next year as it continues to feel the pain of the withdrawal of its arthritis drug Vioxx from the market.
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Time Warner Inc said on Wednesday it  expects profit growth to slow in 2008 but possibly exceed Wall  Street estimates after it reported quarterly earnings that  reflected increases in broadband and phone subscribers and  sales of "Harry Potter" and "300" home videos.
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The EMI Group blamed weak sales in the United States, and warned that it would miss annual profit forecasts.
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Eli Lilly &amp; Co. said Thursday it expects 2005 earnings, excluding the impact of expensing stock options, to be in line with analysts&#39; views.
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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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NEW YORK, December 9  - Eli Lilly and Co (LLY.NYS) guided to earnings growth in 2005 today, driven by the accelerating sales of its newer drugs.
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Eli Lilly and Co. LLY.N on Thursday  said its third-quarter earnings rose as a drop in sales of its  best selling schizophrenia medication was offset by demand for  drugs to treat depression and impotence.
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Shares of Indianapolis-based drugmaker Eli Lilly and Co. , maker of antidepressant drug Prozac, nudged nearly 1 percent lower on Friday.
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U.S. manufacturers expect the economy to  slow in 2007, as the weakening housing market continues to take  a toll on business, according to data released on Thursday.