MENLO PARK, Calif. (AP) — Pacific Biosciences of California Inc. (PACB) on Tuesday reported a loss of $24.6 million in its second quarter.

The Menlo Park, California-based company said it had a loss of 16 cents per share.

The maker of genetic analysis technology posted revenue of $24.6 million in the period, beating Street forecasts. Three analysts surveyed by Zacks expected $22.3 million.

Pacific Biosciences shares have fallen 26% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $5.49, an increase of 43% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PACB at https://www.zacks.com/ap/PACB

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