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Actionable news in PACB: Pacific Biosciences of California, Inc.,

Pacific Biosciences (PACB) Stock Soars Following Q1 Results

NEW YORK (TheStreet) -- Shares of Pacific Biosciences of California (PACB - Get Report) are surging by 18.16% to $10.62 on heavy trading volume early Friday afternoon, after the Menlo Park, CA-based company reported a narrower-than-expected loss for the 2016 first quarter.

After yesterday's closing bell, the genetic analysis technology company posted a loss of 23 cents per share, beating analysts' estimates for a loss of 25 cents per share.

Revenue climbed by 8% to $19.1 million year-over-year and also topped analysts' estimates of $17.7 million.

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