EXHIBIT 11
CT COMMUNICATIONS, INC.
AND SUBSIDIARIES
Computation of Earnings Per Share
Three Months Ended September 30 Nine Months Ended September 30
2000 1999 2000 1999
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Computation of share
totals used in
computing earnings
per share:
Weighted average number
of shares outstanding 18,853,398 18,737,444 18,826,726 18,688,742
Basic average shares
a-Outstanding 18,853,398 18,737,444 18,826,726 18,688,742
Incremental shares
arising, from out-
standing stock
options 88,634 116,994 115,308 112,196
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b-Totals 18,942,032 18,854,438 18,942,034 18,800,938
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c-Net Income $ 27,327,387 $ 5,008,263 $ 37,484,286 18,007,958
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Net Income Per Share
Basic - c/a $ 1.45 $ 0.27 $ 1.99 $ 0.96
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Net Income Per Share
assuming full dilution c/b $ 1.44 $ 0.27 $ 1.98 $ 0.96
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