Lilly sees slower profit growth in 2007
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Eli Lilly and Co.  on Thursday forecast profit gains next year below its expected 2006 growth and offered few big surprises at a meeting to describe its experimental drugs, sending shares lower.
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The company has signalled profits of between Â£285 million and Â£295 million, down on Â£311 million a year ago, following a poor run of sales.
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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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Shares of Indianapolis-based drugmaker  Eli Lilly and Co. LLY.N, maker of antidepressant drug Prozac,  nudged nearly 1 percent lower on Friday.
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Drug wholesaler says earnings to come below Wall Street estimates; cites slower drug price hikes. NEW YORK  - AmerisourceBergen Corp.
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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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U.S. advertising spending is expected  to grow this year at an even slower rate than previously  forecast, as a sluggish economy has corporations scaling back  budgets and looking for less expensive marketing choices,  according to a new report.
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Sanofi-Aventis  posted higher than expected fourth-quarter profits on Tuesday and predicted more growth for 2007, but a further delay in its key new anti-obesity drug Acomplia hit the shares.
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Eli Lilly and Co. LLY.N on Wednesday  reported a fourth-quarter net loss on charges for restructuring  and taxes related to the return of overseas profits as sales of  prescription drugs rose only slightly.
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Eli Lilly and Co.  on Tuesday posted better-than-expected second-quarter earnings helped by surging sales of its prescription drugs, including depression treatment Cymbalta, and the company raised its 2007 profit forecast.
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BMW has reported a lower-than-expected 7.6 percent rise in third-quarter pretax profit, but has reaffirmed its forecast for record revenues, earnings and car sales in 2004.
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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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Anheuser-Busch Cos. Inc.  said on Tuesday it expects its international beer operations to post lower profit this year, hurt by a U.K. shift in sales from bars and restaurants to less profitable sales through retailers.
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The company forecast earnings growth in fiscal year 2008 below the companyâs long-term target of 10 percent to 15 percent.
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U.S. stocks were little changed on   Friday as declines in shares of Eli Lilly and Co. LLY.N   offset a report on personal income and consumption that raised   no new worries about interest rates going higher.
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German premium carmaker BMW reported a lower-than-expected 7.6 percent rise in third-quarter pretax profit, but reaffirmed its forecast for record revenues, earnings and car sales in 2004.
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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.