INDIANAPOLIS (AP) _ Eli Lilly and Co. (LLY) on Friday reported fourth-quarter profit of $2.12 billion.

On a per-share basis, the Indianapolis-based company said it had net income of $2.32. Earnings, adjusted for one-time gains and costs, were $2.75 per share.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.35 per share.

The drugmaker posted revenue of $7.44 billion in the period.

For the year, the company reported profit of $6.19 billion, or $6.79 per share. Revenue was reported as $24.54 billion.

Lilly expects full-year earnings in the range of $7.75 to $8.40 per share, with revenue in the range of $26.5 billion to $28 billion.

Lilly shares have risen 24% since the beginning of the year, while the Standard & Poor's 500 index has increased almost 1%. The stock has climbed 51% in the last 12 months.

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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