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Wyeth Reports Earnings Results for the 2007 Third Quarter and First Nine Months


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


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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