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Gen-Probe Reports Strong Financial Results for Fourth Quarter and Full Year 2008
Date:2/17/2009

01,099 97,144 Marketing and sales 11,780 11,348 45,850 39,928 General and administrative 13,806 12,265 52,322 47,007 Total operating expenses 81,946 76,437 327,300 303,720 Income from operations 27,195 22,512 145,395 99,294 Interest income 4,527 3,837 16,801 12,772 Other income/(expense) (683) (144) (1,333) (469) Total other income, net 3,844 3,693 15,468 12,303 Income before income tax 31,039 26,205 160,863 111,597 Income tax expense 9,899 5,793 53,909 25,457 Net income $21,140 $20,412 $106,954 $86,140 Net income per share: Basic $0.40 $0.38 $1.99 $1.63 Diluted $0.39 $0.37 $1.95 $1.58 Weighted average shares outstanding: Basic 53,159 53,769 53,708 52,975 Diluted 53,808 55,310 54,796 54,522 Gen-Probe Incorporated Consolidated Statements of Cash Flows (In thousands) Twelve Months Ended December 31, 2008 2007 Operating activities: Net income $106,954 $86,140 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 34,715 34,159 Amortization of premiums on investments, net of accretion of discounts 6,908 4,576 Stock-ba
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SOURCE Gen-Probe Incorporated
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Related medicine news :

1. Gen-Probe to Acquire Tepnel Life Sciences, Fast-Growing European Molecular Diagnostics Company, for 92.8 Million Pounds Sterling ($132.2 Million) in Cash
2. Gen-Probe and Novartis Agree to Extend and Expand Blood Screening Collaboration
3. Eric Tardif Joins Gen-Probe as Senior Vice President, Corporate Strategy
4. Gen-Probe to Webcast Presentation at the 27th Annual J.P. Morgan Healthcare Conference
5. Gen-Probe to Webcast Presentation at the 20th Annual Piper Jaffray Health Care Conference
6. Gen-Probe Reports Strong Financial Results for Third Quarter 2008, Raises Full-Year EPS Guidance
7. Gen-Probe Announces Webcasts of Three Upcoming Investor Events
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9. Gen-Probe Announces Webcast of First Quarter 2008 Earnings Conference Call
10. Gen-Probe to Webcast Presentation at Leerink Swann Molecular Diagnostics Conference
11. Gen-Probe to Webcast Presentation at Deutsche Bank Small- and Mid-Cap Growth Conference
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