-+ 0.00%
-+ 0.00%
-+ 0.00%
Illumina: Q3 Earnings Snapshot
Share
Listen to the news

SAN DIEGO (AP) — SAN DIEGO (AP) — Illumina Inc. (ILMN) on Thursday reported third-quarter net income of $220 million.

On a per-share basis, the San Diego-based company said it had net income of $1.43. Earnings, adjusted for one-time gains and costs, were $1.44 per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.36 per share.

The genetic testing tools company posted revenue of $1.13 billion in the period, falling short of Street forecasts. Four analysts surveyed by Zacks expected $1.14 billion.

Illumina expects full-year earnings in the range of $5.40 to $5.45 per share, with revenue in the range of $4.64 billion to $4.66 billion.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ILMN at https://www.zacks.com/ap/ILMN

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
What's Trending