Lilly profit falls 27 percent, hurt by strong dollar
April 23 (Reuters) - Eli Lilly and Co reported a 27 percent fall in quarterly profit, hurt by a stronger dollar.
The Indianapolis-based drugmaker posted a net profit of $529.5 million, or 50 cents per share, for the first quarter ended March 31, compared with a profit of $727.9 million, or 68 cents per share, a year earlier.
Excluding items, the company earned 87 cents per share.
Revenue fell about 1 percent to $4.64 billion.
(Reporting by Natalie Grover in Bengaluru; Editing by Simon Jennings)