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NEW YORK – Myriad Genetics reported after the close of the market on Monday that its fiscal first quarter 2020 revenues declined by 8 percent year over year, mainly due to changes in CPT codes for hereditary cancer testing.

For the three months ended Sept. 30, revenues decreased to $186.3 million from $202.3 million in the year-ago quarter, well below analysts' average estimate of $202.1 million. Based on the Q1 performance, Myriad lowered its fiscal year 2020 revenue expectations.

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