Biotech Values

[DewDiligence]

21% tax rate for LLY:
Don’t let it bother you, BI; 21% is
more than a lot of companies pay...

http://yahoo.reuters.com/financeQuoteCompanyNewsArticle.jhtml?duid=mtfh55899_2005-12-09_15-40-10_n09...

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Lilly sees favorable taxes for at least two years

NEW YORK, Dec 9 (Reuters) - Drugmaker Eli Lilly and Co. ( LLY ) on Friday said it expects its taxes to remain at a favorable 21 percent rate for at least another two years, helping financial results.

The Indianapolis drugmaker earlier on Friday said it expects 2006 earnings to be above Wall Street forecasts, in part because its tax rate recently dropped to 21 percent from 22 percent. Company officials said the tax-rate drop had been somewhat unexpected, but should persist for the foreseeable future.
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