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Gen-Probe Reports Financial Results for the Fourth Quarter and Full Year 2010
Date:2/15/2011

SAN DIEGO, Feb. 15, 2011 /PRNewswire/ -- Gen-Probe Incorporated (Nasdaq: GPRO) today reported financial results for the fourth quarter and full year 2010, highlighted by record non-GAAP earnings per share (EPS) of $0.61 in the quarter, 17% higher than in the prior year period.

"In the fourth quarter of 2010, Gen-Probe generated record clinical diagnostics sales and an all-time high in earnings per share despite macroeconomic headwinds and unusually strong sales of influenza products a year ago," said Carl Hull, the Company's president and chief executive officer.  "At the same time, we took important steps to accelerate our future growth by filing US regulatory applications for the APTIMA® human papillomavirus (HPV) and trichomonas products, and by acquiring GTI Diagnostics."

Key financial results for the fourth quarter of 2010 were ($ in millions, except EPS):Non-GAAPGAAP2010

2009

Change2010

2009

ChangeProduct sales

$131.1

$135.5

-3%$131.1

$135.5

-3%Total revenues

$136.7

$138.9

-2%$136.7

$138.9

-2%Operating profit

$40.1

$37.4

+7%$36.8

$34.9

+5%Net income

$29.4

$25.8

+14%$27.2

$24.0

+13%EPS

$0.61

$0.52

+17%$0.56

$0.48

+17%Key financial results for the full year 2010 were ($ in millions, except EPS):Non-GAAPGAAP2010

2009

Change2010

2009

ChangeProduct sales

$522.7

$483.8

+8%$522.7

$483.8

+8%Total revenues

$543.3

$498.3

+9%$543.3

$498.3

+9%Operating profit

$149.4

$131.0

+14%$137.8

$120.1

+15%Net income

$107.5

$99.8

+8%$106.9

$91.8

+16%EPS

$2.19

$1.95

+12%$2.18

$1.79


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SOURCE Gen-Probe Incorporated
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