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Barr Reports Second Quarter 2008 GAAP Earnings of $0.52 Per Share; Adjusted Earnings of $0.64 Per Share
Date:8/7/2008

- 19

Interest expense 84 - 84

Other (expense) income, net 5 - 5

Earnings before income taxes and

minority interest 96 136 232

Income tax expense 35 30(i) 65

Minority interest income (loss),

net of taxes (2) - (2)

Net earnings from continuing

operations 59 106 165

Net loss from discontinued

operations, net of taxes (2) 2(a) -

Net earnings $57 $108 $165

Diluted:

Earnings per common share -

continuing operations $0.54 $1.52

Loss per common share -

discontinued operations $(0.02) $-

Net earnings per common share -

diluted $0.52 $1.52

Weighted average shares -

diluted 108 108

Summary of Adjustment Items:

Six Months Ended

June 30,

2008 2007

(a) In order to provide investors and management a basis to evaluate the

performance of the ongoing operations, adjusted earnings exclude the

impact of discontinued operations

Accounted for as discontinued operations $- $(2)

(b) Net results from operations expected to be divested, net of minority

interest

Other revenue $(11) $(9)

Less:

Cost of sales
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SOURCE Barr Pharmaceuticals, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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