LILLY POSTS RECORD FIRST QUARTEREli Lilly & Co.(NYSE:LLY) of Indianapolis Board ChairmanRichard D. Wood, said: "The record first-quarter performanceresulted from sales growth in each of the company'soperations. The increases in sales were primarily driven byvolume increases in both domestic and international markets."

First quarter ended March 31

(Figures in thousands except per-share data.)

1991 1990 Percent change

Revenues $1,435,500 1,240,600 +16Operating income 495,800 430,100 +15Net income (loss) 388,600 340,800 +14Net income per share (loss) 1.35 1.16 +16Outstanding shares 289,338 293,209 -1

UPJOHN INCREASES REVENUES, EARNINGS FOR QUARTER

The Upjohn Co. (NYSE:UPJ) of Kalamazoo, Mich., Chairman of theBoard and Chief Executive Officer Theodore Cooper said: "Thesales growth momentum established in the latter part of 1990reflects our ongoing worldwide marketing efforts. While weachieved good earnings growth, we were also able to continueour investment spending for important strategic progress inresearch and development."

First quarter ended March 31

(Figures in thousands except per-share data.)

1991 1990 Percent change

Revenues $806,114 726,710 +11Operating income 180,329 175,449 +3Net income (loss) 133,276 114,276 +17Net income per share (loss) .71 .60 +18

LIFE TECHNOLOGIES REPORTS IMPROVED REVENUES, EARNINGS

Life Technologies Inc. (NASDAQ:LTEK) of Gaithersburg, Md., saidincreased unit sales of products other than fetal bovine serumand divested product lines contributed $4.3 million to theincrease, representing 15 percent unit growth for theseproducts compared with the same period last year.

First quarter ended March 31

(Figures in thousands except per-share data.)

1991 1990 Percent change

Revenues $43,686 37,708 +16Operating income 5,643 4,724 +19Operating expenses 38,043 32,984 +15Net income (loss) 4,006 3,508 +14Net income per share (loss) .27 .25 +8Outstanding shares 14,353 13,595 +6

(c) 1997 American Health Consultants. All rights reserved.

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