EXHIBIT 11 ABBOTT LABORATORIES AND SUBSIDIARIES CALCULATION OF FULLY DILUTED EARNINGS PER SHARE (Dollars and Shares in Millions Except Per Share Amounts) NINE MONTHS ENDED SEPTEMBER 30 ------------------------------ 1995 1994 ----------- ---------- 1. Net earnings $ 1,223.3 $ 1,094.1 --------- --------- 2. Average number of shares outstanding 797.3 814.5 --------- --------- 3. Earnings per share based upon average outstanding shares (1 divided by 2) $ 1.53 $ 1.34 --------- --------- --------- --------- 4. Fully diluted earnings per share: a. Stock options granted and outstanding for which the market price at quarter-end exceeds the option price 30.0 18.1 --------- --------- --------- --------- b. Aggregate proceeds to the Company from the exercise of options in 4.a. $ 828.1 $ 321.7 --------- --------- --------- --------- c. Market price of the Company's common stock at quarter-end $ 42.625 $ 31.375 --------- --------- --------- --------- d. Shares which could be repurchased under the treasury stock method (4.b. divided by 4.c.) 19.4 10.3 --------- --------- --------- --------- e. Addition to average outstanding shares (4.a. - 4.d.) 10.6 7.8 --------- --------- --------- --------- f. Shares for fully diluted earnings per share calculation (2. + 4.e.) 807.9 822.3 --------- --------- --------- --------- g. Fully diluted earnings per share (1. divided by 4.f.) $ 1.51 $ 1.33 --------- --------- --------- ---------