NEW YORK (TheStreet) -- Sequenom  (SQNM) rose Friday after the DNA massarray manufacturer reported first-quarter earnings that edged analysts' expectations.

The company reported a loss of 13 cents a share, compared to a loss of 26 cents a share in the same period one year earlier. This narrowly beat the consensus estimate of a loss of 14 cents a share by a penny. Revenue increased 20.3% year over year to $46.3 million, which beat the consensus estimate of $46.06 million.

Sequenom also disclosed in a regulatory filing that Chief Medical Officer Allan Bombard told the company he would retire from Sequenom as of its next annual stockholders' meeting on June 10.

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The stock was up 13.07% to $3.02 at noon.

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