NEW YORK (GenomeWeb) – Nanosphere today reported a 38 percent jump in its first quarter revenues, but fell short of the consensus Wall Street estimates on the top and bottom lines.

For the three months ended March 31, Nanosphere said that revenues increased to $3.3 million from $2.4 million on 56 percent growth in consumables sales. The company failed to meet the average analyst estimate of $3.7 million.

It had 48 new placements of the Verigene System during the first quarter and reaffirmed prior guidance of 200 new placements for full-year 2014.

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