EXHIBIT 11 ATALANTA/SOSNOFF CAPITAL CORPORATION AND SUBSIDARIES COMPUTATION OF EARNINGS PER SHARE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 1999 AND 1998 (UNAUDITED) THREE MONTHS ENDED NINE MONTHS ENDED SEPTEMBER 30, SEPTEMBER 30, ----------------------- ------------------------ 1999 1998 1999 1998 ---- ---- ---- ---- PRIMARY: Earnings: Net income $1,382,892 $2,438,750 $9,465,109 $6,113,226 ========== ========== ========== ========== Weighted average common shares outstanding 9,084,227 9,587,401 9,231,331 9,587,401 Add - common stock equivalents from in the money options 9,679 8,831 8,493 14,653 ---------- ---------- ---------- ---------- Dilutive weighted average common shares outstanding 9,093,906 9,596,232 9,239,824 9,602,054 ========== ========== ========== ========== Earnings per common share - basic $0.15 $0.25 $1.03 $0.64 ========== ========== ========== ========== Earnings per common share - diluted $0.15 $0.25 $1.03 $0.64 ========== ========== ========== ========== Antidilutive options 150,000 200,000 200,000 0 ========== ========== ========== ========== Closing price of Atlanta/Sosnoff Capital Corporation (ATL) at end of period $7.13 $7.88 ========== ========== Average closing price of Atalanta/Sosnoff Capital Corporation (ATL) at end of period $9.11 $8.88 $8.73 $9.73 ========== ======= ========== ========== See Notes to Condensed Consolidated Financial Statements 21