Investors are focused on whether Eli Lilly and Co. can continue dividend payments when patent expirations hit in the new few
years and whether the company's drug development pipeline can replace lost revenue.
Indianapolis-based drugmaker Eli Lilly and Co. recorded profits of $1.3 billion, or $1.22 per share, during the three months
ended June 30,
even after paying $27 million in severance to laid off employees.
Net income was $49.2 million, compared with a net loss of $16 million a year earlier, the Fort Wayne-based steelmaker said
Monday in a statement.
Indianapolis-based athletic shoe store chain The Finish Line Inc. said Thursday it recorded a profit in its fiscal first quarter
as its revenue rose more than 10 percent.
For-profit colleges like ITT Technical Institutes need tougher oversight and regulation, according to a report from a Democratic
Senate committee chairman that questions the industry’s advertising spending, tuition costs and reliance on taxpayer
money.
Wellpoint has stuck to the $6-per-share forecast since January even after reporting that first-quarter net income jumped 51
percent, easily topping Wall Street expectations.
Despite losses, company sees growth in its DailyMed pharmacy services, which packages the right dosages of prescriptions to
make it easier for patients to follow their regimens.
Indianapolis-based machine tool maker lost $1.5 million in its second fiscal quarter, which was much greater than the loss
it reported in the same period last year.
Evansville-based retailer earned $9.2 million in its fiscal first quarter, on strong sales of athletic and toning footwear.
HHGregg had a profit of $10 million, or 25 cents per share, in the quarter ended March 31 on revenue of $417.2 million.
Indiana Business Bancorp lost $519,043 in the first quarter compared with a profit of $32,252 during the same period a year
ago.
High expectations already are baked into HHGregg Inc.’s stock price, which has doubled since last May. A disappointment could
spawn a sell-off.
Bioanalytical Systems Inc. narrowed its losses in the second fiscal quarter despite a 2 percent drop in revenue, the West
Lafayette-based contract research firm said late last week.
Shoe Carnival Inc.'s first-quarter sales grew more than 13 percent, to $189.5 million.
Recession aftermath continued taking a toll on sales of paint for auto repairs.
Indianapolis-based pizza and sub chain saw a decline in royalties and ongoing fees from franchisees in the first quarter.
Developer’s $1.1 million loss in the first quarter reflected lower construction activity and lower gains on land and outlet
sales.
Carmel-based KAR Auction Services Inc. on Wednesday reported a first-quarter profit of $8.1 million, reversing a $3.5 million
loss in the same period last year.
Brightpoint handled 22.5 million units in the first quarter, a jump of 21 percent compared to the first quarter of 2009.
Indianapolis-based carrier took an $11.5 million charge to write off the Midwest Airlines brand name. Republic is combining Milwaukee-based Midwest with Denver-based Frontier Airlines.
