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Gen-Probe Reports Financial Results for the Fourth Quarter of 2011
Date:2/14/2012

h over the next several years."

Gen-Probe's 2012 financial guidance is provided below:Non-GAAP

GAAPTotal revenues

$630 to $655 million

$630 to $655 millionProduct gross margins

68% to 69.5%

68% to 69.5%Acquisition-related amortization,
restructuring and other transaction
expense

N/A

~ $15 millionOperating margin

26.5% to 28%

24.5% to 26%Tax rate

30.5% to 32.5%

30.5% to 32.5%Diluted shares

~ 47 million

~ 47 millionEPS

$2.50 to $2.68

$2.30 to $2.48About Non-GAAP Financial MeasuresGen-Probe's management believes that non-GAAP financial measures provide meaningful supplemental information regarding the Company's performance by excluding certain expenses and other items that may not be indicative of core business results.  To supplement the Company's financial results for the fourth quarter of 2011 and its 2012 financial guidance, in each case presented in accordance with GAAP, Gen-Probe uses the following financial measures defined as non-GAAP by the SEC: non-GAAP net income, non-GAAP gross margin, non-GAAP R&D expenses, non-GAAP marketing and sales expenses, non-GAAP G&A expenses, non-GAAP operating profit, non-GAAP income tax rate, and non-GAAP EPS.  Gen-Probe's management does not, nor does it suggest that investors should, consider such non-GAAP financial measures in isolation from, or as a substitute for, financial information prepared and presented in accordance with GAAP.  Gen-Probe believes that both management and investors benefit from referring to these non-GAAP financial measures in assessing Gen-Probe's performance and when planning, forecasting and analyzing future periods.  These non-GAAP financial measures also facilitate management's internal comparisons to Gen-Probe's historical performance and our competitors' operating results.  Gen-Probe believes these non-GAAP financial measures are useful to inves
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SOURCE Gen-Probe Incorporated
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