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See You on the Other Side of the Cliff

Brian Orelli
April 19, 2011

Eli Lilly (NYSE: LLY  ) beat analysts' earnings expectations every quarter last year and started this year out with another overshoot, bringing in an adjusted $1.24 per share compared with the $1.17 per share analysts were expecting.

The solid quarter came from a combination of increased foreign revenue and continued cost cutting. The adjusted earnings ignores the cost of its licensing deal with Boehringer Ingelheim for a piece of Boehringer's dia