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EXHIBIT No. 11
APPLIED BIOSCIENCE INTERNATIONAL INC. AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER SHARE
(in thousands, except per share amounts)
Three Months Ended,
March 31
1996 1995
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PRIMARY EARNINGS PER SHARE:
Net income $ 1,227 $ 436
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Weighted average number of shares of
common outstanding during the period 29,271 28,173
Common stock equivalents assuming
exercise of stock options (a) 414 257
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Weighted average common and common
equivalent shares outstanding 29,685 28,430
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Primary earnings per share $0.04 $0.02
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FULLY DILUTED EARNINGS PER SHARE:
Net income $ 1,227 $ 436
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Weighted average number of shares of
common outstanding during the period 29,271 28,173
Common stock equivalents assuming
exercise of stock options (a) 574 261
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Weighted average common and common
equivalent shares outstanding 29,845 28,434
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Fully diluted earnings per share $0.04 $0.02
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(a) In the calculation of common stock equivalents, stock options are assumed
to be exercised at the beginning of the period. The proceeds from the
options exercised are assumed to be used to purchase common stock at (i)
the average market price during the period for primary earnings per share
and (ii) the higher of the average or last market price during the period
for fully diluted earnings per share.
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