Eli Lilly reaffirms 2007 profit forecast

Drug maker Eli Lilly & Co. on Thursday reaffirmed its profit outlook for 2007 and forecast that earnings growth in 2008 will be driven by increased volume and strong sales of antidepressant Cymbalta, ED treatment Cialis and diabetes drug Byetta.

The company made the comments ahead of its investor meeting. Lilly still expects to report 2007 adjusted profit of $3.50 to $3.55 per share, and projected 2008 earnings per share between $3.85 and $4 on sales growth in the mid- to high-single digits.

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- Posted: 2007-12-06 09:42:10

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