UPDATE: Illumina Posts Higher Q4 Profit
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.
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