NanoString Technologies (NSTG) Falls After Lower Q3 Outlook

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NanoString Announces Preliminary Revenue for Third Quarter of Fiscal Year 2017

October 11, 2017 4:01 PM EDT

SEATTLE, Oct. 11, 2017 (GLOBE NEWSWIRE) -- NanoString Technologies, Inc. (NASDAQ: NSTG), a provider of life science tools for translational research and molecular diagnostic products, today announced preliminary total revenue of approximately $25.9 million to $26.9 million for the third quarter, including product and service revenue of approximately $16.9 million and collaboration revenue of $9.0 million to $10.0 million. This unaudited estimate, based on management's preliminary financial analysis, is lower than the companys previous guidance for product and service revenue of $19.5 million to $21.5 million for the third quarter of 2017.

"We are in the process of... More