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Wyeth Reports Earnings Results for the 2009 First Quarter
Date:4/29/2009

0.94, respectively, for the 2008 first quarter.

Based on the 2009 first quarter results and the outlook for the remainder of 2009, the Company is reaffirming its 2009 full year guidance for diluted earnings per share, excluding certain significant items, of $3.33 to $3.53.

Results of Operations

The comparative results of operations are as follows:

(In thousands except per share amounts)


                                            (UNAUDITED)
                                            -----------
                                        Three Months Ended
                                      ----------------------
                                       3/31/2009   3/31/2008
                                       ---------   ---------
    Net Revenue                       $5,376,973  $5,710,649

    Cost of Goods Sold                 1,380,891   1,562,013

    Selling, General and
     Administrative Expenses           1,591,809   1,722,213

    Research and Development Expenses    773,120     839,377

    Interest (Income) Expense, Net        65,312     (27,456)

    Other Income, Net                   (122,611)   (143,485)
                                      ----------  ----------


    Income before Income Taxes         1,688,452   1,757,987

    Provision for Income Taxes           490,292     561,040
                                         -------     -------

    Net Income                        $1,198,160  $1,196,947
                                      ==========  ==========

    Basic Earnings per Share               $0.90       $0.90
                                      ==========  ==========
    Average Number of Common Shares
      Outstanding during Each Period
       - Basic                         1,331,643   1,335,207

    Diluted Earnings per Share             $0.89       $0.89
                                      ========
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SOURCE Wyeth
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