NEW YORK (GenomeWeb News) – Pacific Biosciences reported after the close of the market Tuesday that its third quarter 2013 revenues climbed 164 percent year over year and grew 23 percent sequentially.

The Menlo Park, Calif.-based single-molecule sequencing technologies firm reported Q3 revenues of $7.4 million, compared to just $2.8 million in Q3 2012 and up from $6 million in Q2 2013. It beat the consensus Wall Street estimate of $7.1 million in revenues for the quarter.

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