Schering-Plough Reports Financial Results for 2007 Fourth Quarter,...(h and development 3754 ...)

development 3,754 (3,754) - - -

Other (income)/

expense, net (231) - 255 - 24

Special and acquisition

related charges 52 - (52) - -

Equity income (566) - - - (566)

(Loss)/income before

income taxes (3,340) 4,080 (203) 21 558

Income tax (benefit)/

expense (14) 89 2 1 78

Net (loss)/income

before cumulative

effect of a change

in accounting

principle $(3,326) $3,991 $(205) $20 $480

Cumulative effect

of a change in

accounting

principle, net

of tax - - - - -

Net (loss)/income $(3,326) $3,991 $(205) $20 $480

Preferred stock

dividends 38 - - - 38

Net (loss)/income

available to

common

shareholders $(3,364) $3,991 $(205) $20 $442

Diluted (loss)/

earnings per

common share:

(Loss)/earnings

available to

common

shareholders

before cumulative

effect of a change

in accounting

principle $ (2.08) $0.27

Cumulative effect

of a change in

accounting

principle, net

of tax - -

Diluted (loss)/

earnings per

common share $ (2.08) $0.27

Average common

shares outstanding

-diluted 1,621 1,648

SCHERING-PLOUGH CORPORATION

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