NEW YORK (GenomeWeb News) – Genomic Health reported after the close of the market Wednesday that its third-quarter revenues increased 12 percent year over year.

The Redwood City, Calif.-based molecular diagnostics firm said that revenues reached $58.6 million for the three months ended Sept. 30, up from $52.1 million, but short of the consensus Wall Street estimate of $59.9 million. Product revenues rose 13 percent year over year to $58.4 million from $51.7 million a year ago, while contract revenues dipped 25 percent to $277,000 from $397,000.

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