NEW YORK (GenomeWeb) – Veracyte announced after the close of the market today a 21 percent increase in first quarter revenues on strong volume growth for its Afirma gene expression classifier test, which differentiates benign thyroid nodules from cancerous ones.

For the three-month period ended March 31, Veracyte's revenues rose to $13.6 million from $11.2 million, topping analysts' consensus estimate of $13.1 million. Driving the revenue jump was a 33 percent increase in Afirma test volume to 5,352.

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