Myriad released the results after the close of stock markets Tuesday. In after-hours trading, the company's shares were up 63 cents, at $26.60. Its shares finished the regular trading day at $25.97, down 4 cents.
"Myriad continues to generate very strong top- and bottom-line results, and therefore we are raising our expectations for fiscal 2012 performance," President and CEO Peter Meldrum said.
The company said it expects annual revenue to be $492 million to $496 million, an increase from previous guidance of $445 million to $465 million. That should result in fully diluted earnings per share of $1.29 to $1.31, up from $1.20 to $1.25, the company said.
Revenue for the first nine months of Myriad's fiscal year 2012 was $363 million, an increase of 23 percent over the same period of 2011.
Net income for the first nine months was $83 million, compared with $74.7 million for the same period last year. The projection for diluted nine-month earnings per share was increased 19 percent, to 96 cents from 80 cents.