EXHIBIT 11
ABBOTT LABORATORIES AND SUBSIDIARIES
CALCULATION OF FULLY DILUTED EARNINGS PER SHARE
(Dollars and Shares in Millions Except Per Share Amounts)
SIX MONTHS ENDED JUNE 30
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1994 1993
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1. Net earnings $ 742.8 $ 691.6
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2. Average number of shares outstanding 816.8 832.8
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3. Earnings per share based upon average
outstanding shares (1 DIVIDED BY 2) $ .91 $ .83
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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 18.4 19.4
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b. Aggregate proceeds to the Company from the exercise
of options in 4.a. $ 321.9 $ 297.8
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c. Market price of the Company's common stock at
quarter-end $ 29.00 $ 25.625
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d. Shares which could be repurchased under the
treasury stock method (4.b. DIVIDED BY 4.c.) 11.1 11.6
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e. Addition to average outstanding shares (4.a. - 4.d.) 7.3 7.8
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f. Shares for fully diluted earnings per share
calculation (2. + 4.e.) 824.1 840.6
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g. Fully diluted earnings per share (1. DIVIDED BY 4.f.) $ .90 $ .82
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