Pacific Bio (PACB) Tops Q3 EPS by 1c
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Pacific Biosciences of California, Inc. Announces Third Quarter 2017 Financial Results
November 2, 2017 4:01 PM EDTMENLO PARK, Calif., Nov. 02, 2017 (GLOBE NEWSWIRE) -- Pacific Biosciences of California, Inc. (NASDAQ: PACB) today announced financial results for its third quarter ended September 30, 2017.
Product, service and other revenue for the third quarter of 2017 increased by 9% to $23.5 million, compared to $21.5 million for the third quarter of 2016. Total revenue for the third quarter of 2017 was $23.5 million, compared to $25.1 million for the third quarter of 2016. Total revenue for the third quarter of 2016 included $3.6 million of contractual revenue, whereas the third quarter of 2017 included no contractual revenue.Â
Gross profit for the third quarter... More
