Three Months Ended Nine Months Ended
9/30/2007 9/30/2006 9/30/2007 9/30/2006
Net Revenue $5,619,536 $5,135,796 $16,636,272 $15,130,476
Cost of Goods Sold 1,617,581 1,386,254 4,622,269 4,096,931
Selling, General and
Administrative
Expenses 1,670,671 1,588,947 4,871,222 4,705,940
Research and Development
Expenses 798,464 762,623 2,374,319 2,197,966
Interest Income, Net (39,622) (8,126) (73,440) (122)
Other Income, Net(1) (61,416) (39,488) (251,748) (205,539)
Income Before Income
Taxes 1,633,858 1,445,586 5,093,650 4,335,300
Provision for Income
Taxes 487,953 288,668 1,495,120 994,009
Net Income $1,145,905 $1,156,918 $3,598,530 $3,341,291
Basic Earnings Per
Share(2) $0.85 $0.86 $2.68 $2.48
Average Number of Common
Shares Outstanding During
Each Period - Basic 1,343,036 1,345,535 1,343,897 1,345,150
Diluted Earnings Per
Share(2) $0.84 $0.85 $2.63 $2.45
Average Number of Common
Shares Outstanding During
Each Period - Diluted 1,372,145 1,372,798 1,376,505 1,372,341
See Notes to Results of Operations and Results of Operations - As Adjusted.
Results of Operations - As Adjusted
Wyeth has prepared the following presentation of its results of
operations for the three and nine months ended September 30, 2007 and 2006,
adjusted where noted below, to exclude productivity initiatives charges and
the 2006 income tax adjustment, which are considered certain significant
items during the 2007 a
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