SAN DIEGO (AP) _ Illumina Inc. (ILMN) on Tuesday reported third-quarter profit of $199 million.
The San Diego-based company said it had profit of $1.33 per share. Earnings, adjusted for one-time gains and costs, were $1.52 per share.
The results topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.25 per share.
The genetic testing tools company posted revenue of $853 million in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $825.1 million.
Illumina expects full-year earnings in the range of $5.70 to $5.75 per share.
Illumina shares have risen 44 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $313.62, an increase of 48 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ILMN at https://www.zacks.com/ap/ILMN