NeoGenomics Lifts Q3 Outlook - Quick Facts

(RTTNews) - NeoGenomics Inc. (NEO) announced that it raised its third-quarter guidance. The company now expects revenue of approximately $16.6 million - $16.9 million and earnings per share of $0.01 - $0.02 in the third quarter. Previously, the company had expected revenue of $15.8 - $16.4 million and earnings per share of $0.00 - $0.01. Analysts polled by Thomson Reuters expected the company to report earnings of $0.01 per share and revenues of $16.64 million for the third-quarter. Analysts' estimates typically exclude special items.

Doug VanOort, the Company's Chairman and CEO, said, "We experienced strong year-over-year revenue growth in July and August, and our rate of growth has continued to accelerate in September. This growth is broad-based, and is the result of a variety of growth initiatives we have made over the last eighteen months, including, but not limited to, increasing sales force productivity and various new product launches."

The company said it will release its full third quarter financial results on October 23, 2013.