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Illumina: 3Q Earnings Snapshot

SAN DIEGO (AP) _ Illumina Inc. (ILMN) on Thursday reported third-quarter earnings of $234 million.

The San Diego-based company said it had profit of $1.58 per share. Earnings, adjusted for non-recurring costs, were $1.93 per share.

The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.40 per share.

The genetic testing tools company posted revenue of $907 million in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $871.6 million.

Illumina expects full-year earnings in the range of $6.40 to $6.45 per share.

Illumina shares have risen 5% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $315.50, a rise of 9% 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