Good news: Net income is only down 58% and revenue down 16%. We should feel real proud about what we've accomplished out there, guys. Thanks for all that you do to produce such sub-par results! http://www.ibj.com/articles/50117-lilly-third-quarter-earnings-fall-below-wall-streets-expectations
hehehe "if you take out the two patent expirations..." John, why did you cut your R&D so much? Why on earth did you buy IMCLONE? Billions of dollars flushed. Growth through acquisitions. Of what? Your competitor's animal health unit? John, john, john
It will be impossible for Lilly to make up the losses of expired brands with a bunch of 'me too' products and a pipeline full of pipe dreams. It is also obvious that the Lilly straegy to preserve as much earnings as they can is to cut, cut cut!
When the top line sales ain't there, you've got to do something about the bottom line. Looks like more cost cutting on the horizon....
