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Barr Reports GAAP Earnings of $1.18 Per Share for 2007 and $0.30 Per Share for the Fourth Quarter; Adjusted Earnings Were $3.16 Per Share for 2007 and $0.79 Per Share for the Fourth Quarter
Date:2/28/2008

rite-off of acquired IPR&D - 4,601

Earnings (loss) from operations 74,010 312,645

Interest income 6,158 33,359

Interest expense 36,401 158,882

Other (expense) income 9,036 20,713

Earnings (loss) before income taxes

and minority interest 52,803 207,835

Income tax expense 14,850 64,546

Minority interest 498 (1,164)

Net earnings from continuing

operations 38,451 142,125

Discontinued operations

Loss from discontinued operations,

net of taxes (5,368) (13,164)

Loss on disposal of discontinued

operations, net of taxes (575) (611)

Net loss from discontinued

operations, net of tax (5,943) (13,775)

Net earnings $32,508 $128,350

Earnings per common share - diluted:

Earnings (loss) per common share -

continuing operations $0.35 $1.31

Earnings (loss) per common share -

discontinued operations $(0.05) $(0.13)

Net earnings per common share -

diluted $0.30 $1.18

Weighted average shares - assuming

dilution 109,236 108,631

Stock-based compensation expense:

Cost of sales $1,283 $8,006

Selling, general and administrative 2,421 15,129

Research and dev
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SOURCE Barr Pharmaceuticals, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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