Veracyte (VCYT) PT Lowered to $10 at Piper Jaffray Following Results
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Veracyte Announces Second Quarter 2016 Financial Results
August 3, 2016 4:05 PM EDTSOUTH SAN FRANCISCO, Calif., Aug. 3, 2016 /PRNewswire/ -- Veracyte, Inc. (NASDAQ: VCYT) today announced financial results for the second quarter ended June 30, 2016 and provided an update on recent business progress. For the second quarter of 2016, revenue was $14.7 million, an increase of 23%, compared to $11.9 million for the second quarter of 2015. Afirma Gene Expression Classifier (GEC) volume grew to 5,832 tests, an increase of 23%, compared to the same period in 2015. These results bring first-half 2016 revenue to $28.2 million and Afirma GEC volume to... More
