Analysts Say Affy Turnaround 'Remains on Track' after Firm Posts 3 Percent Rise in Q2 Revenues | GenomeWeb

Affymetrix this week reported a slight uptick in its second-quarter revenues, which increased 3 percent to $66.4 million from $64.7 million in the year-ago period, beating the average analyst estimate of $65.6 million.

After Affy posted its Q2 results, analysts for several investment firms who follow the Santa Clara, Calif.-based company argued that the positive performance was a sign that the company has at last reversed a negative trend in its business that saw organic revenue diminish quarter over quarter for the past two years.

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