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Here's Why Pacific Biosciences of California Is Surging Today [The Motley Fool]

PACIFIC BIOSCIENCES (PACB)  More Company Research Source: The Motley Fool
Last pacific biosciences earnings: 5/2 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.pacificbiosciences.com
PDF The sequencing company topped off a solid second-quarter earnings report with news of a big order from its best customer. Cory Renauer ( TMFang4apples ) Aug 3, 2017 at 4:02PM What happened Shares of Pacific Biosciences of California   ( NASDAQ:PACB ) , a purveyor of high-accuracy genomic sequencing kits, is marching higher after reporting second-quarter earnings and a big order from a leading genetic-services provider. The news lifted the stock about 13.7% higher as of 3:42 p.m. EDT on Thursday. So what  Stripping away significant contractual revenue recorded last year, second-quarter product and service sales rose 17% higher than the same period last year, to $20.1 million. Perhaps more importantly, total operating expenses rose just 13% on the year, which suggests the company is becoming increasingly efficient. Image source: Getty Images [Read more]

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