Illumina Inc

NASDAQ:ILMN   4:00PM EDT
326.46
-8.16 (-2.44%)

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Illumina Earnings: A Beat and a Raise

Illumina Earnings: A Beat and a Raise



Illumina Earnings: A Beat and a Raise


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Disclaimer

The results here are provided for general informational purposes, as a convenience to the readers. The materials are not a substitute for obtaining professional advice from a qualified person, firm or corporation.


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LEDE

Spotlight Top Pick Illumina (ILMN) reported earnings after the bell, and it was a beat and a raise across the board.

We added Illumina to Top Picks on 6-Apr-16 for $168.36. The stock is trading at $313.80, up 86.4% as of this writing.






Illumina - By the Numbers

Here are the estimates and the actual results for the marvel that is Illumina.



Current Quarter Analyst Estimates

Revenue$828.24 million
Adjusted EPS$1.26


Illumina reported $1.52 in adjusted EPS, which not only beat the consensus average estimate of $1.26, but blew through the highest estimate of any analyst, which was $1.40. Further, Illumina reported $853 million in sales, beating the average estimate $828 million forecast and also smashing through even the highest estimate of $842.50 million.

The news got better.

Expected Guidance for Full Year:

Revenue$3.3 billion
EPS$5.42


Illumina crushed guidance as well, forecasting $5.70-$5.75 in adjusted EPS, compared with the average estimate of $5.42, and falling just shy of the highest full year estimate, which came in at $5.79.

What Happened

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