(Reuters) - Eli Lilly and Co (N:LLY) reported a 15.1% rise in first-quarter sales on Thursday, boosted by higher sales of its top-selling diabetes drug Trulicity and also benefiting from customers stockpiling its medicines amid the coronavirus pandemic.
Its quarterly revenue rose to $5.86 billion (4.75 billion pounds) from $5.09 billion a year earlier.
However, net income fell to $1.46 billion, or $1.60 per share, in the quarter ended March 31, from $4.24 billion, or $4.31 per share, a year earlier when it recorded a gain of $3.68 billion from the sale of Elanco Animal Health . (N:ELAN).