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Gen-Probe Reports Strong Financial Results for Third Quarter 2008, Raises Full-Year EPS Guidance
Date:10/30/2008

81 31,810 95,827 91,148

Research and development 24,507 27,582 76,941 72,813

Marketing and sales 10,709 9,651 34,070 28,580

General and administrative 12,908 11,380 38,516 34,742

Total operating expenses 78,805 80,423 245,354 227,283

Income from operations 42,372 21,310 118,200 76,782

Interest income 4,167 3,327 12,274 8,935

Interest expense (1) - (3) 30

Other income/(expense) (1,929) 6 (647) (355)

Total other income, net 2,237 3,333 11,624 8,610

Income before income tax 44,609 24,643 129,824 85,392

Income tax expense 15,531 7,392 44,010 19,664

Net income $29,078 $17,251 $85,814 $65,728

Net income per share:

Basic $0.54 $0.32 $1.59 $1.25

Diluted $0.53 $0.31 $1.56 $1.21

Weighted average shares

outstanding:

Basic 54,084 53,221 53,882 52,661

Diluted 55,322 54,857 55,117 54,210

Gen-Probe Incorporated

Consolidated Statements of Cash Flows

(In thousands)

(Unaudited)

Nine Months Ended

September 30,

2008 2007

Operating activities:

Net income $85,814 $65,728

Adjustments to reconcile net income to ne
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SOURCE Gen-Probe Incorporated
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