Market Overview

UPDATE: Illumina Posts Higher Q4 Profit

Related ILMN
Benzinga's M&A Chatter for Monday, October 17, 2016
Argus Cuts Illumina's Price Target, But Still Believes In The Long-Term Picture

Illumina (NASDAQ: ILMN) reported a rise in its fourth-quarter profit.

Illumina's quarterly net income surged to $72 million, or $0.53 per share, from $11.7 million, or $0.09 per share, in the year-ago period.

Its revenue climbed 24% to $309.3 million. Excluding one-time items, it earned $0.42 per share. However, analysts were expecting a profit of $0.41 per share on revenue of $305.8 million.

Illumina shares closed at $51.62 yesterday.

Posted-In: profitEarnings News


Related Articles (ILMN)

View Comments and Join the Discussion!