EXHIBIT 11 MERIDIAN DIAGNOSTICS, INC. AND SUBSIDIARIES Computation of Earnings Per Common Share Period Ended December 31, 1995 Weighted Avg. Earnings Number of Per Common Shares Net Common Outstanding Income Share Use _____________ ________ _________ ______ QUARTER ENDED DECEMBER 31, 1995: Shares outstanding October 1, 1995 12,924,814 $ - $ - $ - Weighted average shares issued during the period (1,320,123 shares) 972,952 - - - Net Income - 629,161 - - __________ __________ __________ _________ 13,897,766 629,161 .045 .05 Effect of outstanding stock options which is less than 3% and not required to be disclosed in the financial statements (804,893 shares) 437,507 - ___________ ___________ __________ 14,335,273 629,161 .044 Effect of convertible debentures 360,295 26,824 ___________ ___________ __________ 14,695,568 655,985 .045 Additional effect of stock options at quarter end stock price 39,775 ___________ ___________ __________ 14,735,343 655,985 .044 ___________ ___________ __________ ___________ ___________ __________