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NEW YORK (GenomeWeb) – NanoString Technologies reported after the close of the market Thursday that its total revenues for the fourth quarter of 2018 were down about 15 percent year over year, while its product and services revenue grew 12 percent.

For the three months ended Dec. 31, 2018, total revenues dropped to $30.0 million from $35.2 million in Q4 2017, beating the average Wall Street estimate of $29.4 million.

The firm said it took in $23.6 million in product and service revenue in the quarter, a 12 percent increase from $21.0 million in Q4 2017.

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