The financial results for the second quarter have been unveiled by Illumina, Inc. (NASDAQ:ILMN) after the market has concluded for the day.
The market is approaching these results with a sense of caution, primarily due to the earnings fell shy of the street expectation
The quarterly financial report of the enterprise disclosed revenues adding up $1112 million, exceeded analysts anticipated $1080.28 million.
Alongside the enterprise recorded a Non-GAAP income of $0.36 per share, fell short of the analysts expected $0.90 profit per share.
The topline decreased 5.44 percent, while the bottomline accelerated 12.5 percent comparing to the comparable quarter of last year.
The firm has set earnings goal for financial year 2024 to be between $3.80 and $3.95 per share, where as they lowered its Core revenue guidance to decline 2 to 3 percent. In contrast Wall Street analysts anticipate earnings of $3.91 per share along with revenues of $4.44 billion
| Period | Type | Company Outlook |
Analysts Estimate |
Company Vs. Analysts |
|---|---|---|---|---|
| FY 2024 | EPS | $3.80~$3.95 | $3.91 | +1.0% |
The trading day saw Illumina (ILMN) shares trading between $114.01 and $118.77, besides a volume of 1.79 million shares. The stock closed Tuesday’s regular trading session at $116.36, demonstrating 0.77 percent upturn.
