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UPDATE: Illumina Posts Higher Q4 Profit

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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

 

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