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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

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revenue 121,858 - 121,858

Other revenue 44,588 - 44,588

Total revenues 2,500,582 - 2,500,582

Costs and expenses:

Cost of sales 1,171,099 (233,529)(c)(d)(e)(h) 937,570

Selling, general

and administrative 763,784 (33,367)(c)(d)(e)(g) 730,417

Research and development 248,453 (5,300)(c)(d)(e) 243,153

Write-off of

acquired IPR&D 4,601 (4,601)(f) -

Earnings from operations 312,645 276,797 589,442

Interest income 33,359 - 33,359

Interest expense 158,882 - 158,882

Other income (expense), net 20,713 - 20,713

Earnings before income taxes

and minority interest 207,835 276,797 4,053 488,685

Income tax expense 64,546 79,414 (i) 143,960

Minority interest (1,164) (374) (82) (1,620)

Net earnings from

continuing operations 142,125 197,010 3,971(b) 343,106

Loss from discontinued

operations, net of taxes (13,775) 13,775 (a) -

Net earnings $128,350 $210,785 $3,971 $343,106

Diluted

Earnings per common share

- continuing operations $1.31 $3.16

Earnings per common share -

discontinued operations $(0.13) $-

Net earnings per common

share - diluted $1.18 $3.16

Weighted average

shares - diluted 108,631 108,631

Summar
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SOURCE Barr Pharmaceuticals, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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