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
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1994 1993
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1. Net earnings $ 366.2 $ 345.5
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2. Average number of shares outstanding 819.0 834.7
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3. Earnings per share based upon average
outstanding shares (1 DIVIDED BY 2) $ .45 $ .41
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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
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b. Aggregate proceeds to the Company from the exercise
of options in 4.a. $ 278.6 $ 282.6
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c. Market price of the Company's common stock at
quarter-end $ 26.625 $ 25.75
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d. Shares which could be repurchased under the
treasury stock method (4.b. DIVIDED BY 4.c.) 10.5 11.0
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e. Addition to average outstanding shares (4.a. - 4.d.) 6.9 8.2
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f. Shares for fully diluted earnings per share
calculation (2. + 4.e.) 825.9 842.9
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g. Fully diluted earnings per share (1. DIVIDED BY 4.f.) $ .44 $ .41
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