EXHIBIT 11
ENZO BIOCHEM, INC.
COMPUTATION OF PER-SHARE EARNINGS
Years ended July 31, 1995, 1994 and 1993
1995 1994* 1993*
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Primary
Average shares outstanding 20,957,300 20,446,900 18,483,400
Net effect of dilutive stock options
and warrants -- based on the
treasury stock method using average
market price 963,500 1,061,700 --
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Total 21,920,800 21,508,600 18,483,400
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Income (loss) before extraordinary items $5,618,100 $5,101,200 $(6,376,100)
Extraordinary gain (loss) -- 150,000 (465,600)
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Net income (loss) $5,618,100 $5,251,200 $(6,841,700)
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Per common and common equivalent share
Income (loss) before extraordinary items $.26 $.23 $(.34)
Extraordinary gain (loss) -- .01 (.03)
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Net income (loss) $.26 $.24 $(.37)
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* Shares and per share amounts have been adjusted for the 5% stock dividend
declared in fiscal 1995.
E-15