Gen-Probe, Inc. (GPRO) Tops Q3 EPS by 3c; Trims Top-End of FY11 Outlook; Authorizes $100M Buyback

November 2, 2011 4:44 PM EDT
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Gen-Probe, Inc. (NASDAQ: GPRO) reported Q3 EPS of $0.57, $0.03 better than the analyst estimate of $0.54. Revenue for the quarter came in at $139.1 million versus the consensus estimate of $140.88 million.

Gen-Probe's board of directors has authorized the repurchase of up to an additional $100 million of the Company's stock through June of 2012.

Sees FY2011 EPS of $2.28-$2.32, versus prior guidance of $2.28-$2.37 and the consensus of $2.32. Sees FY2011 revenue of $575-$580 million, versus prior guidance of $575-$590 million and the consensus of $578.70 million.

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