Lilly Reports Solid Second-Quarter Results (PR Newswire)
                   
yahoo.com     Jul 24, 2008            

Thursday July 24, 7:00 am ET Company reports double-digit sales and earnings growth INDIANAPOLIS, July 24 /PRNewswire-FirstCall/ -- Eli Lilly and Company (NYSE: LLY - News ) today announced financial results for the second quarter of 2008. Second-quarter results are presented on a reported basis. Reported results were prepared in accordance with generally accepted accounting principles (GAAP) and include all sales and expenses recognized by the company during the period. Year-to-date financial results are presented on both a reported and a pro forma basis. Pro forma results assume the ICOS acquisition was completed January 1, 2007. Pro forma results for the second quarter are not presented because the company completed the ICOS acquisition prior to second quarter of 2007. Second-Quarter Highlights -- Sales increased 11... [read full story]                    


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