Pacific Biosciences is growing more quickly than Illumina, which is struggling to overcome sluggish demand in Europe.
The cancer-test company continues to increase revenue, resulting in a smaller loss for the second quarter.
Optimism that its latest sequencing machine will catapult the company's sales higher is sparking a rally.
Growth in sequencing array and consumables sales enables this genomic-sequencing leader to post solid Q2 results.
Volume growth from the cancer-test maker was outstanding, and while there's work to go on reimbursement, revenue increased 19% year over year.
A pre-announcement of disappointing first-quarter financials weighed down shares in this gene-sequencing giant.
Sluggish European sales causes the genomic sequencing company to stumble in Q1.
Investments by the lab-test maker hurt first-quarter earnings but should pay off later in 2016.
The cancer-test maker is on the road to profitability.
Illumina shares are dropping, and Pacific Biosciences' are climbing, but investors may not want to count Illumina out.