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Genomic Health Announces Third Quarter 2013 Financial Results and Business Progress
Date:11/5/2013

REDWOOD CITY, Calif., Nov. 5, 2013 /PRNewswire/ -- Genomic Health, Inc. (Nasdaq: GHDX) today reported financial results and business progress for the quarter ended September 30, 2013.

(Logo: http://photos.prnewswire.com/prnh/20130425/SF01493LOGO)

Product revenue was $65.7 million in the third quarter of 2013, compared with $58.4 million for the third quarter of 2012, an increase of 13 percent.  Total revenue for the third quarter of 2013 increased to $66.0 million, compared with $58.6 million in the third quarter of 2012. 

International product revenue grew by 25 percent to $10.1 million compared to the same period in 2012, and represented 15 percent of product revenue in the third quarter of 2013.

Net income in the third quarter of 2013 was $0.5 million, compared with net income of $3.7 million in the third quarter of 2012.  Basic and diluted net income per share applicable to common stockholders was $0.02 for the third quarter of 2013, compared with a basic and diluted net income per share of $0.12 and $0.11, respectively for the same period in 2012.

"Our strong third quarter performance, including 13 percent year-over-year growth in product revenue, was driven by double digit test volume growth in all areas of our business," said Kim Popovits, Chairman of the Board, Chief Executive Officer and President of Genomic Health. "Success in the quarter was also highlighted by increased adoption of our prostate cancer test and NICE's recommendation of Oncotype DX as the only test to help clinicians decide whether to prescribe chemotherapy in patients with early-stage, hormone receptor-positive, invasive breast cancer."Additional Third Quarter 2013 and Nine Months Ended Sep
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SOURCE Genomic Health, Inc.
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