Illumina (ILMN) Tops Q2 EPS by 25c; cuts revenue guidance

Illumina (NASDAQ: ILMN) reported Q2 EPS of $0.36, $0.25 better than the analyst estimate of $0.11. Revenue for the quarter came in at $1.11 billion versus the consensus estimate of $1.09 billion.

GUIDANCE:

Illumina sees FY2024 EPS of $3.80-$3.95, versus the consensus of $3.91.

For fiscal year 2024, the company lowered its Core Illumina revenue guidance to decline 2% to 3% (down 1.5% to 2.5% in constant currency) compared to fiscal year 2023 and raised its Core Illumina non-GAAP operating margin guidance to a range of 20.5% to 21%.

For earnings history and earnings-related data on Illumina (ILMN) click here.

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