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Schering-Plough Reports Financial Results for Third Quarter of 2008
Date:10/21/2008

Equity income (434) - - 19 (415)

----- ---- ---- ---- -----

Income before

income taxes 658 225 101 (179) 805

Income tax

expense/(benefit) 69 (54) (16) 11 128

-- ---- ---- -- ---

Net income $589 $171 $85 $(168) $677

---- ---- --- ------ ----

Preferred stock

dividends 38 - - - 38

-- --- --- --- --

Net income

available to

common

shareholders $551 $171 $85 $(168) $639

==== ==== === ====== ====

Diluted earnings

per common share $0.34 $0.39

===== =====

Average shares

outstanding-

diluted 1,636 1,636

(1) "As Reconciled" to exclude purchase accounting adjustments, special

and acquisition-related items and other specified items.

SCHERING-PLOUGH CORPORATION

Reconciliation from Reported Net Income Available to Common Shareholders

and Reported Diluted Earnings Per Common Share to As Reconciled Amounts for Net Income

Available to Common Shareholders and Diluted Earnings per Common Share

(Amounts in Millions, except per share figures)

Three months ended September 30, 2007

(unaudited)

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SOURCE Schering-Plough Corporation
Copyright©2008 PR Newswire.
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