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Wyeth Reports Earnings Results for the 2007 Third Quarter and First Nine Months
Date:10/18/2007

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and first nine months of $63,265 and $202,048, respectively, compared

with $60,630 and $193,864 for the prior year.

(2) The average number of common shares outstanding for diluted earnings

per share is higher than for basic earnings per share due to the

assumed conversion of the Company's outstanding convertible senior

debentures, outstanding stock options, deferred contingent common

stock awards, restricted stock awards and convertible preferred stock

into common stock equivalents using the treasury stock method. For

purposes of calculating diluted earnings per share, interest expense,

net of capitalized interest and taxes related to the Company's

outstanding convertible senior debentures is added back to reported

net income, and the additional common shares (assuming conversion) are

included in total shares outstanding. Interest expense, net of

capitalized interest and taxes was $7,838 and $23,617 for the 2007

third quarter and first nine months, respectively, compared with

$8,100 and $21,841 for the 2006 third quarter and first nine months,

respectively.

(3) Charges related to activities associated with the Company's

productivity initiatives and the 2006 income tax adjustment are

considered certain significant items and have been excluded from the

results of operations - as adjusted for the 2007 and 2006 third

quarter and first nine months as follows:

Productivity Initiatives

(UNAUDITED)

Three Months Ended Nine Months Ended

(In thousands, except

per share amounts) 9/30/2007 9/30/2006 9/30/2007 9/30/2006

Cost of Goods Sold $111,200 $31,300 $182,400 $86,500

Selling, General
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SOURCE Wyeth
Copyright©2007 PR Newswire.
All rights reserved

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