Lily’s Earnings

The earnings parade continues. Eli Lilly (LLY) just reported Q4 earnings of 91 cents a share which was a penny below expectations although revenues exceeded expectations.

For the full year, Lilly earned $4.33 billion, or $3.94 per share, compared with a loss of $2.07 billion, or $1.89 per share, in 2008. Revenue rose 7 percent to $21.84 billion from $20.37 billion.
Looking ahead, the company expects a profit of $4.65 to $4.85 per share in 2010, excluding any possible impact from the health care overhaul currently being considered by Congress. Analysts expects a profit of about $4.73 per share.

At $4.73 per share, that means the stock is going for 7.5 times this year’s earnings.

Posted by on January 28th, 2010 at 2:34 pm

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