Gen-Probe Inc. (GPRO) reported that its third-quarter net income was $22.20 million or $0.44 per share, compared to $29.08 million or $0.52 per share in the same quarter last year. Non-GAAP net income for the latest quarter was $23.78 million or $0.47 per share. Analysts polled by Thomson Reuters expected the company to report earnings of $0.41 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenues for the quarter were $122.70 million, compared to $121.18 million in the prior year quarter. Eighteen analysts had consensus revenue estimate of $123.31 million for the quarter.
Looking ahead for 2009, the company now expects non-GAAP net earnings to be in the range of $1.90 to $1.93 per share, compared to previous range of $1.85 to $1.95 per share.
GAAP net income for fiscal 2009 is now expected to be in the range of $1.77 to $1.79 per share, compared to prior range of $1.73 to $1.85 per share.
For fiscal 2009, the company now expects non-GAAP total revenues to be in the range of $493 million to $500 million, compared to prior range of $490 million to $503 million.
GAAP total revenues for fiscal 2009 are now expected to be in the range of $493 million to $500 million, compared to prior range of $490 million to $503 million.
Analysts expect the company to report earnings of $1.88 per share on revenues of $493.01 million for fiscal 2009.
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