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.