Wyeth Reports Earnings Results for the 2008 Third Quarter and First N...(.68 Average Number of Common Shar...)

Average Number of Common

Shares Outstanding during

Each Period - Basic 1,332,744 1,343,036 1,333,542 1,343,897

Diluted Earnings per

Share $0.84 $0.84 $2.56 $2.63

Average Number of Common

Shares Outstanding during

Each Period - Diluted 1,356,909 1,372,145 1,358,902 1,376,505

See Notes to Results of Operations.

Results of Operations - As Adjusted

Wyeth has prepared the following presentation of its results of operations for the three and nine months ended September 30, 2008 and 2007, adjusted to exclude charges, which are considered certain significant items during the 2008 and 2007 third quarter and first nine months.

The comparative results of operations - as adjusted are as follows:

(In thousands except per share amounts)

(UNAUDITED) - AS ADJUSTED

Three Months Ended Nine Months Ended

9/30/2008 9/30/2007 9/30/2008 9/30/2007

Net Revenue $5,829,582 $5,619,536 $17,485,589 $16,636,272

Cost of Goods Sold 1,528,702 1,506,381 4,661,083 4,439,890

Selling, General and

Administrative Expenses 1,569,629 1,664,801 4,922,217 4,844,341

Research and Development

Expenses 793,362 798,434 2,443,685 2,374,079

Interest (Income)

Expense, Net 12,953 (39,622) 4,182 (73,440)

Other (Income)

Expense, Net 101,878 (61,416) 18,371 (251,748)

Income before Income Taxes 1,823,058 1,750,958 5,436,051 5,303,150

Provision for Income Taxes 604,811 519,053 1,718,673 1,552,120

Net Income $1,
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