NanoString Sees Q4 Revenue Growth Of 35% To 42%

(RTTNews) - NanoString Technologies, Inc. (NSTG) said it expects total revenue for the fourth quarter of 2015 to be in the range of $21.1 million to $22.1 million, representing an increase of 35% to 42% over the fourth quarter of 2014. Analysts polled by Thomson Reuters expected the company to report revenues of $20.99 million for the fourth-quarter. Analysts' estimates typically exclude special items.

Total revenue for 2015 expected to be in the range of $61.5 to $62.5 million, representing an increase of 29% to 31% over 2014, versus prior guidance of $60.0 to $63.0 million. Analysts expect annual revenue of $61.33 million.

Cash, cash equivalents and short-term investments of approximately $48.0 million at December 31, 2015.