INDIANAPOLIS (AP) _ Eli Lilly and Co. (LLY) on Tuesday reported third-quarter profit of $1.11 billion.

On a per-share basis, the Indianapolis-based company said it had net income of $1.22. Earnings, adjusted for non-recurring costs, came to $1.94 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 $1.98 per share.

The drugmaker posted revenue of $6.77 billion in the period.

Lilly expects full-year earnings in the range of $7.95 to $8.05 per share, with revenue in the range of $27.2 billion to $27.6 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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