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Illumina: 4Q Earnings Snapshot

SAN DIEGO (AP) _ Illumina Inc. (ILMN) on Wednesday reported fourth-quarter profit of $239 million.

The San Diego-based company said it had net income of $1.61 per share. Earnings, adjusted for one-time gains and costs, came to $1.70 per share.

The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.59 per share.

The genetic testing tools company posted revenue of $953 million in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $947 million.

For the year, the company reported profit of $1 billion, or $6.74 per share. Revenue was reported as $3.54 billion.

Illumina expects full-year earnings in the range of $6.80 to $7 per share.

Illumina shares have decreased almost 6% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $313.30, an increase of roughly 10% in the last 12 months.

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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