EXHIBIT 11 ABBOTT LABORATORIES AND SUBSIDIARIES CALCULATION OF FULLY DILUTED EARNINGS PER SHARE (Dollars and Shares in Millions Except Per Share Amounts) THREE MONTHS ENDED MARCH 31 --------------------------- 1994 1993 -------- -------- 1. Net earnings $ 366.2 $ 345.5 -------- -------- 2. Average number of shares outstanding 819.0 834.7 -------- -------- 3. Earnings per share based upon average outstanding shares (1 DIVIDED BY 2) $ .45 $ .41 -------- -------- -------- -------- 4. Fully diluted earnings per share: a. Stock options granted and outstanding for which the market price at quarter-end exceeds the option price 17.4 19.2 -------- -------- -------- -------- b. Aggregate proceeds to the Company from the exercise of options in 4.a. $ 278.6 $ 282.6 -------- -------- -------- -------- c. Market price of the Company's common stock at quarter-end $ 26.625 $ 25.75 -------- -------- -------- -------- d. Shares which could be repurchased under the treasury stock method (4.b. DIVIDED BY 4.c.) 10.5 11.0 -------- -------- -------- -------- e. Addition to average outstanding shares (4.a. - 4.d.) 6.9 8.2 -------- -------- -------- -------- f. Shares for fully diluted earnings per share calculation (2. + 4.e.) 825.9 842.9 -------- -------- -------- -------- g. Fully diluted earnings per share (1. DIVIDED BY 4.f.) $ .44 $ .41 -------- -------- -------- --------