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

== ========== Basic Earnings per Share $0.96 $0.95 ========== ========== Average Number of Common Shares Outstanding during Each Period - Basic 1,331,643 1,335,207 Diluted Earnings per Share $0.95 $0.94 ========== ========== Average Number of Common Shares Outstanding during Each Period - Diluted 1,354,297 1,360,311 See Notes to Results of Operations.

Notes to Results of Operations


    (1) 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, performance share 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 shares of common stock (assuming conversion) are
        included in total shares outstanding.  Interest expense, net
        of capitalized interest and taxes related to these debentures,
        was $2,955 for the 2009 first quarter compared with $7,071 for
        the 2008 first quarter.

    (2) Other (income) expense, net included pre-tax gains from product
        divestitures of $25,155 for the 2009 first quarter compared with
        $23,059 for the 2008 first quarter. Other (income) expense, net

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SOURCE Wyeth
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