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NEW YORK – Fluidigm reported after the close of the market on Thursday that its second quarter revenues increased 7 percent year over year on continued strength in its mass cytometry product portfolio.

Despite the increased revenues, the market reacted negatively as Fluidigm missed top-line estimates and provided soft third quarter guidance on continued weakness in its microfluidics product sales. In Friday morning trading on the Nasdaq, Fluidigm's shares were down around 38 percent to $7.52.

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