Fluidigm (FLDM) Prelim. Q3 Revenue Falls Short
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Fluidigm Announces Preliminary Third Quarter 2016 Revenue
October 12, 2016 4:05 PM EDTSOUTH SAN FRANCISCO, Calif., Oct. 12, 2016 (GLOBE NEWSWIRE) -- Â Fluidigm Corporation (NASDAQ: FLDM) today announced preliminary revenue for the third quarter ended September 30, 2016. Â
Estimated total revenue for the third quarter of 2016, based on managements preliminary analysis, was approximately $22.2 million, a decrease of 23% from $28.6 million in the third quarter of 2015. In the third quarter, instrument revenue fell short of expectations and was approximately $9.2 million, representing a decline of 39% compared to the year ago period. The shortfall versus expectations in instrument revenue was driven primarily by lower-than-expected sales of Helios systems. These financial... More
