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(PACB, HAS, CLNO, SBLK) Stocks to Watch by PennyOmega.com

October 28th, 2011 at 11:02 am






Pacific Biosciences of California, Inc. (Nasdaq:PACB) announced financial results for the third quarter ended September 30, 2011. During the third quarter of 2011, the Company recognized revenue from deliveries of its third generation sequencing platform, the PacBio RS, SMRT(R) cell and reagent consumables, as well as revenue derived from instrument service contracts, totaling $10.5 million, compared to revenue recognized of $10.6 million for the second quarter of 2011. Net loss for the quarter increased to $29.3 million, including workforce reduction charges of $4.9 million, compared to the $22.5 million net loss recognized during the second quarter of 2011.

Pacific Biosciences of California, Inc., a development stage company, develops, manufactures, and markets an integrated platform for genetic analysis.

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Hasbro Inc. (Nasdaq:HAS) announced it will webcast presentations from its annual Investor Day on Wednesday, November 9, 2011, beginning at 10:00 AM eastern time.

(Read full article at http://pennyomega.com/?p=18114)

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