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

ders

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)

Nine months ended September 30, 2007

(unaudited)

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

Special and

Purchase Acquisition- Other As

As Accounting Related Specified Reconciled

Reported Adjustments Items Items (1)

-------------------------------------------------------Net sales $8,965 $- $- $- $8,965

Cost of sales 2,838 - - - 2,838

Selling, general and

administrative 3,833 - - - 3,833

Research and

development 2,071 - - (176) 1,895

Other expense/

(income), net (451) - 282 - (169)

Special and

acquisition-related

charges 32 - (32) - -

Equity income (1,483) - - - (1,483)

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

Income before

income taxes 2,125 - 250 176 2,051

Income tax

expense/(benefit) 272 - - - 272

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

Net income $1,853 $- $(250) $176 $1,779

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

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SOURCE Schering-Plough Corporation
Copyright©2008 PR Newswire.
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