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Gen-Probe 2Q net income rises 42 percent on sales

July 29, 2010 By the Associated Press

Diagnostic test maker Gen-Probe Inc. said Thursday its second-quarter net income jumped 42 percent on higher revenue from blood screening and women’s health products.

The company earned $28.1 million, or 57 cents per share, up from $19.8 million, or 38 cents per share, during the same period a year prior. Revenue rose 15 percent to $138.6 million from $120.5 million.

Excluding one-time gains and charges, the company said it earned 52 cents per share. Analysts polled by Thomson Reuters expected net income of 49 cents per share on $137 million in revenue.

Clinical diagnostics revenue rose 10 percent to $73.9 million, while blood screening revenue rose 20 percent to $55.7 million. Research product and services revenue fell 8 percent to $3.2 million, while collaborative research revenue was $4.1 million and royalty revenue was $1.8 million.

Looking ahead, the company said it expects adjusted net income in 2010 between $2.12 and $2.25 per share on revenue between $545 million and $562 million. Analysts expect net income of $2.18 per share on revenue of $558.6 million.

Shares of Gen-Probe rose $2.12, or 5 percent, to $44.50 in after-hours trading after falling 92 cents to close at $42.38 during the regular trading session.

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  • Home
  • Medical Device Business
    • Mergers & Acquisitions
    • Financial
    • Regulatory
  • Applications
    • Cardiovascular
    • Devices
    • Imaging
    • Implantables
    • Medical Equipment
    • Orthopedic
    • Surgical
  • Technologies
    • Supplies and Components Index
    • Contract Manufacturing
    • Components
    • Electronics
    • Extrusions
    • Materials
    • Motion Control
    • Prototyping
    • Pumps
    • Tubing
  • MedTech Resources
    • Medtech Events in 2025
    • The 2024 Medtech Big 100
    • Medical Device Handbook
    • MedTech 100 Index
    • Subscribe to Print Magazine
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    • Digital Editions
    • eBooks
    • Manufacturer Search
    • Podcasts
    • Print Subscription
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  • 2025 Leadership
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  • Women in Medtech
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