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

Special and

Purchase Acquisition- Other As

As Accounting Related Specified Reconciled

Reported Adjustments Items Items (1)

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

Net sales $2,812 $- $- $- $2,812

Cost of sales 925 - - - 925

Selling, general and

administrative 1,262 - - - 1,262

Research and

development 669 - - (20) 649

Other expense/

(income), net (390) - 314 - (76)

Special and

acquisition-related

charges 20 - (20) - -

Equity income (506) - - - (506)

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

Income before

Income taxes 832 - (294) 20 558

Income tax expense 82 - - - 82

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

Net income $750 $- $(294) $20 $476

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

Preferred stock

dividends 37 - - - 37

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

Net income available

to common

shareholders $713 $- $(294) $20 $439

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

Diluted earnings per

common share $0.45 $0.28


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SOURCE Schering-Plough Corporation
Copyright©2008 PR Newswire.
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