CT Communications 10-Q 2004 Q3 Quarterly report

Exhibit 11

CT COMMUNICATIONS, INC.
AND SUBSIDIARIES

Computation of Earnings Per Share
(in thousands, except per share data)

	Three months ended June 30,					Six months ended June 30,
	2004		2003			2004		2003
Computation of share totals used in computing earnings per share:
Basic weighted average number of shares outstanding		18,876		18,740			18,855		18,728
Incremental shares arising from outstanding stock options		175		42			144		20
Total weighted average number of diluted shares outstanding		19,051		18,782			18,999		18,748
Income from continuing operations	$	4,110	$	10,782		$	7,602	$	13,264
Loss from discontinued operations		—		(424	)		—		(424	)
Net income	$	4,110	$	10,358		$	7,602	$	12,840
Net income for common stock	$	4,105	$	10,353		$	7,592	$	12,830
Basic earnings (loss) per share:
Continuing operations	$	0.22	$	0.58		$	0.40	$	0.71
Discontinued operations		—		(0.02	)		—		(0.02	)
Net income for common stock		0.22		0.55			0.40		0.69
Diluted earnings (loss) per share:
Continuing operations	$	0.22	$	0.57		$	0.40	$	0.71
Discontinued operations		—		(0.02	)		—		(0.02	)
Net income for common stock		0.22		0.55			0.40		0.68