INDIANAPOLIS (AP) _ Eli Lilly and Co. (LLY) on Thursday reported first-quarter profit of $1.9 billion.

On a per-share basis, the Indianapolis-based company said it had profit of $2.10. Earnings, adjusted for non-recurring costs, came to $2.62 per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.32 per share.

The drugmaker posted revenue of $7.81 billion in the period.

Lilly expects full-year earnings in the range of $8.15 to $8.30 per share, with revenue in the range of $28.8 billion to $29.3 billion.

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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