Dec 15 Eli Lilly and Co forecast 2017
earnings and revenue above analysts' estimates as it sees strong
demand for its recently launched drugs, including diabetes
treatments Trulicity and Jardiance.
The company said it expected 2017 revenue to be between
$21.8 billion-$22.3 billion and adjusted earnings in the range
of $4.05-$4.15 per share.
Analysts on average were expecting revenue of $21.67 billion
and earnings of $3.97, according to Thomson Reuters I/B/E/S.
Earnings on a reported basis are expected to be in the range
$3.51-$3.61 per share, the company said.
However, Lilly lowered its 2016 earnings estimate due to
charges related to its failed late-stage trial of its
(Reporting by Ankur Banerjee in Bengaluru; Editing by Anil