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Gen-Probe Reports Strong Financial Results for Third Quarter 2007, Raises Full-Year Guidance for Earnings Per Share and Total Revenues
Date:10/30/2007

nt periodic reports. We assume no obligation and expressly disclaim any duty to update forward-looking statements to reflect events or circumstances after the date of this news release or to reflect the occurrence of subsequent events.

Contact:

Michael Watts

Sr. director, investor relations and

corporate communications

858-410-8673

Gen-Probe Incorporated

Consolidated Balance Sheets

(In thousands, except share and per share data)

September 30, December 31,

2007 2006

(Unaudited)

Assets

Current assets:

Cash and cash equivalents $66,888 $87,905

Short-term investments 328,185 202,008

Trade accounts receivable, net of allowance for

doubtful accounts of $750 and $670 at

September 30, 2007 and December 31,

2006, respectively 38,235 25,880

Accounts receivable - other 5,166 1,646

Inventories 49,186 52,056

Deferred income tax - short term 6,673 7,247

Prepaid income tax 16,229 -

Prepaid expenses 17,874 11,362

Other current assets 5,374 2,583

Total current assets 533,810 390,687

Property, plant and equipment, net 131,245 134,614

Capitalized software 16,552 18,437

Goodwill 18,621 18,621

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SOURCE Gen-Probe Incorporated
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