Illumina: 2Q Earnings Snapshot
SAN DIEGO (AP) _ Illumina Inc. (ILMN) on Monday reported second-quarter profit of $296 million.
On a per-share basis, the San Diego-based company said it had profit of $1.99. Earnings, adjusted for non-recurring gains, came to $1.35 per share.
The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.32 per share.
The genetic testing tools company posted revenue of $838 million in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $835.2 million.
Illumina expects full-year earnings in the range of $6 to $6.10 per share.
Illumina shares have climbed nearly 2% since the beginning of the year. In the final minutes of trading on Monday, shares hit $304.62, an increase of 1% in the last 12 months.