Eli Lilly Forecast Tough 2012 for Earnings
Although Eli Lilly expects to meet or exceed their current earnings per share guidance for 2011 of $3.84-$3.89, the company has announced that profits for 2012 will be $3.10-$3.20 per share, well below analysts’ estimations. The latter prediction is based on 2012 revenues of $21.8-$22.8 billion, which includes an expected reduction of over $3 billion