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Stock impact report

PacBio (PACB) Preliminary Q1 Revenues Dampened by Purchase Delays [Yahoo! Finance]

Pacific Biosciences of California, Inc. (PACB) 
Last pacific biosciences of california, inc. earnings: 2/6 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.pacificbiosciences.com
Company Research Source: Yahoo! Finance
Despite the soft preliminary results, the company's shares gained 7.1% in the pre-market trading session. The company is scheduled to release first-quarter results on May 9. Per the preliminary report, first-quarter 2024 total revenues are estimated to be $38.8 million, down 0.3% year over year. The Zacks Consensus Estimate of $50 million lies above the preliminary figure. The company's instrument revenues are expected to be $19 million (down 8.2% year over year), while the consumables revenues are anticipated to be $16 million (up 14.3% year over year). Preliminary service and other revenues for the first quarter of 2024 are expected to be $3.8 million, down 9.5% year over year. PacBio shipped 28 Revio sequencing systems for revenues during first-quarter 2024, thereby bringing the Revio installed base to 201 systems as of Mar 31, 2024. Of the 28 Revio systems shipped, 16 were shipped to new customers. Per management, Onso shipments increased sequentially as PacBio continued t Show less Read more
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