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

== ========== Average Number of Common Shares Outstanding during Each Period - Diluted 1,354,297 1,360,311 See Notes to Results of Operations.

Results of Operations - As Adjusted

Wyeth has prepared the following presentation of its results of operations for the three months ended March 31, 2009 and 2008, adjusted to exclude charges related to our productivity initiatives and merger-related expenses, which are considered certain significant items for the 2009 and 2008 first quarter.

The comparative results of operations - as adjusted are as follows:

(In thousands except per share amounts)


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

    Cost of Goods Sold                   1,314,323        1,496,085

    Selling, General and
     Administrative Expenses             1,559,395        1,621,639

    Research and Development Expenses      773,102          820,264

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

    Other Income, Net                     (122,611)         (38,830)
                                         ----------        ---------

    Income before Income Taxes           1,787,452        1,838,947

    Provision for Income Taxes             507,482          572,390
                                        ----------       ----------

    Net Income                          $1,279,970       $1,266,557
                                        ========
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SOURCE Wyeth
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