Lilly suggests profit stumble after patent cliff

"Lilly's 2010 and longer-term guidance points to a company with continued strong near-term results but a significantly less certain long term profile," JP Morgan analyst Chris Schott said in a research note.

The drugmaker said in a release on Thursday that it expects earnings of $4.65 to $4.85 per share next year. Analysts' average forecast is $4.74, according to Thomson Reuters

I/B/E/S.

Lilly's outlook, which excludes any potential impact from U.S. healthcare reform, reflects growth of 5.2 percent to 9.7 percent over Wall Street forecasts for 2009.

Read Full Article from Reuters

- Posted: 2009-12-10 14:21:31

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