INDIANAPOLIS (AP) _ Eli Lilly and Co. (LLY) on Thursday reported second-quarter profit of $1.41 billion.

The Indianapolis-based company said it had profit of $1.55 per share. Earnings, adjusted for non-recurring costs, were $1.89 per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.58 per share.

The drugmaker posted revenue of $5.5 billion in the period.

Lilly expects full-year earnings in the range of $7.20 to $7.40 per share, with revenue in the range of $23.7 billion to $24.2 billion.

Lilly shares have risen 23% since the beginning of the year, while the Standard & Poor's 500 index has increased nearly 1%. The stock has increased 49% in the last 12 months.

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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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