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CARTER-WALLACE ANNOUNCES OPERATING RESULTS FOR THE THIRD QUARTER ENDED DEC. 31, 1992

 NEW YORK, Jan. 19 /PRNewswire/ -- Carter-Wallace, Inc. (NYSE: CAR) today announced operating results for the third quarter and nine months ended Dec. 31, 1992.
 CARTER-WALLACE, INC.
 Summary of Operating Results
 Three months ended Dec. 31 1992 1991
 Sales $159,640,000 $157,856,000
 Earnings before taxes 19,352,000 20,250,000
 Income taxes 5,999,000 6,480,000
 Net earnings 13,353,000 13,770,000
 Earnings per share $.29 $.30
 Average shares outstanding 45,783,000 45,780,000
 Nine months ended Dec. 31 1992 1991
 Sales $484,150,000 $500,294,000
 Earnings before taxes 57,021,000(A) 54,759,000(B)
 Income taxes 17,677,000 17,523,000
 Net earnings 39,344,000(A) 37,236,000(B)
 Earnings per share $.86(A) $.81(B)
 Average shares outstanding 45,786,000 45,780,000
 (A) -- Included in earnings in the nine months ended Dec. 31, 1992, is income of $10 million before taxes, or $6 million after taxes ($.13 per share) recorded in the first quarter ended June 30, 1992, related to a licensing agreement with Schering-Plough Corporation granting Schering-Plough exclusive marketing rights in all markets except the United States and its territories and possessions, Canada and Mexico, to Felbatol.
 (B) -- Included as a one-time charge against earnings in the nine months ended Dec. 31, 1991 is a provision of $12,400,000 before taxes, or $8,400,000 after taxes ($.18 per share) recorded in the second quarter ended Sept. 30, 1991 related to the discontinuance of the Answer self-monitoring blood glucose system.
 All share and per share data reflect the 3-for-1 stock split effective April 27, 1992.
 Carter-Wallace, Inc. markets toiletries, proprietary drugs, pharmaceuticals, diagnostic specialties and pet products.
 -0- 1/19/93
 /CONTACT: Ralph Levine of Carter-Wallace, Inc., 212-339-5000, or Ellen Sanders of Ruder Finn, Inc., 212-715-1502, for Carter-Wallace, Inc./
 (CAR)


CO: Carter-Wallace, Inc. ST: New York IN: MTC SU: ERN

TS-PS -- NY049 -- 6326 01/19/93 12:07 EST
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Date:Jan 19, 1993
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