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

264) - - 4,518

Selling, general and

administrative 5,208 (3) - - 5,205

Research and

development 2,679 (7) - - 2,672

Other expense/

(income), net 189 - - 177 366

Special and

acquisition-related

charges 218 - (218) - -

Equity income (1,444) - - 83 (1,361)

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

Income before

income taxes 1,522 1,274 218 (260) 2,754

Income tax

expense/(benefit) 207 (192) (25) 16 408

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

Net income $1,315 $1,082 $193 $(244) $2,346

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

Preferred stock

dividends 113 - - - 113

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

Net income available

to common

shareholders $1,202 $1,082 $193 $(244) $2,233

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

Diluted earnings

per common

share $0.74 $1.37

===== =====

Average shares

outstanding-

diluted 1,635 1,635

(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 Sharehol
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SOURCE Schering-Plough Corporation
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