INDIANAPOLIS (AP) _ Eli Lilly and Co. (LLY) on Tuesday reported first-quarter profit of $1.36 billion.

The Indianapolis-based company said it had net income of $1.49 per share. Earnings, adjusted for non-recurring costs and amortization costs, came to $1.87 per share.

The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.12 per share.

The drugmaker posted revenue of $6.81 billion in the period.

Lilly expects full-year earnings in the range of $7.80 to $8 per share, with revenue in the range of $26.6 billion to $27.6 billion.

Lilly shares have risen 11% since the beginning of the year, while the S&P's 500 index has climbed 11%. The stock has risen 15% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LLY at https://www.zacks.com/ap/LLY

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