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Par Pharmaceutical Reports Third Quarter 2008 Results
Date:11/6/2008

7) (330) (335)

Loss on marketable

securities and other

investments, net (2,507) - (2,940) (4,643)

Interest income 2,285 3,680 7,428 10,265

Interest expense (1,667) (1,691) (5,001) (5,136)

Income (loss) from

continuing operations

before provision

for income taxes 2,733 1,952 (20,617) 70,122

Provision (benefit)

for income taxes 923 683 (5,158) 24,541

Income (loss) from

continuing operations 1,810 1,269 (15,459) 45,581

Discontinued operations:

Gain from discontinued

operations - - 505 -

Provision for

income taxes 150 - 863 -

Loss from discontinued

operations 150 - 358 -

Net income (loss) $1,660 $1,269 ($15,817) $45,581

Basic earnings

(loss) per share

of common stock:

Income (loss) from

continuing operations $0.05 $0.04 ($0.46) $1.31

Loss from discontinued

operations (0.00) - ($0.01) -

Net income (loss) $0.05 $0.04 ($0.47) $1.31

Diluted earnings

(loss) per share

of common stock:

Income (loss) from

continuing operations $0.05 $0.04 ($0.46) $1.30

Loss from discontinued

operations (0.00) - (0.01) -

Net income (loss) $0.05 $0.04 ($0.47) $1.30

Weighted average

number of common

shares outstanding:

Basic 33,322 34,738 33,282 34,677

Diluted 33,366 34,906 33,28
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SOURCE Par Pharmaceutical Companies, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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