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STOCK PERFORMANCE: Lilly shares started the second quarter trading above $50 but dipped down to $45.61 on June 27. The price had increased to $47.62 by Wednesday.
FIRST-QUARTER RECAP: Strong sales for Cymbalta and Cialis helped Lilly double its first-quarter profit, but the results missed Wall Street expectations. Lilly said earnings jumped to $1.06 billion, or 97 cents per share, from a 2007 first-quarter profit of $508.7 million, or 47 cents per share. The drugmaker's sales increased 14 percent to $4.81 billion from $4.23 billion.
At first I was going to post this story from the UK Telegraph as an interesting piece... food for thought if you will... with the tag that this t...
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