FIRST ALBANY COMPANIES INC. (Exhibit 11)
COMPUTATION OF PER SHARE EARNINGS
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Three Months Ended Six Months Ended
(In thousands, except June 30, June 30, June 30, June 30,
per share amounts) 2000 1999 2000 1999
<S> <C> <C> <C> <C>
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Basic:
Income from continuing operations $(1,362) $(1,050) $ (486) $(3,315)
Income from Discontinued operations,
net of taxes 275 1,867 2,462 3,335
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Net income (loss) $(1,087) $ 817 $1,976 $ 20
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Weighted average number of shares
outstanding during the period 8,146 7,648 8,001 7,642
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Income per share for continuing
operations $ (0.16) $ (0.14) $(0.06) $ (0.43)
Income per share for discontinued
operations 0.03 0.25 0.31 0.43
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Net income (loss) per share $ (0.13) $ 0.11 $ 0.25 $ 0.00
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Dilutive:
Income from continuing operations $(1,362) $(1,050) $ (486) $(3,315)
Income from discontinued operations,
net of taxes 275 1,867 2,462 3,335
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Net income (loss) $(1,087) $ 817 $1,976 $ 20
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Weighted average number of shares
outstanding during the period 8,146 7,648 8,001 7,642
Effective of dilutive common
equivalent shares 1,021 1,362 856
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Weighted average shares and common
equivalent shares outstanding 8,146 8,669 9,363 8,498
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Income per share for continuing
operations $ (0.16) $ (0.12) $(0.05) $ (0.39)
Income per share for discontinued
operations 0.03 0.21 0.26 0.39
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Net income (loss) per share $ (0.13) $ 0.09 $ 0.21 $ 0.00
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**Per share figures and shares outstanding have been restated for all
dividends declared.
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