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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1995 1994
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1. Net earnings $ 417.3 $ 366.2
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2. Average number of shares outstanding 801.3 819.0
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3. Earnings per share based upon average
outstanding shares (1 divided by 2) $ .52 $ .45
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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 26.8 17.4
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b. Aggregate proceeds to the Company from
the exercise of options in 4.a. $ 652.4 $ 278.6
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c. Market price of the Company's common
stock at quarter-end $ 35.75 $ 26.625
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d. Shares which could be repurchased
under the treasury stock
method (4.b. divided by 4.c.) 18.2 10.5
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e. Addition to average outstanding shares
(4.a. - 4.d.) 8.6 6.9
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f. Shares for fully diluted earnings per
share calculation (2. + 4.e.) 809.9 825.9
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g. Fully diluted earnings per share
(1. divided by 4.f.) $ .52 $ .44
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