U.S. Markets closed

Illumina Earnings miss, Revenue beats In Q4

Investing.com - Illumina (NASDAQ:ILMN) reported fourth quarter earnings that missed analysts' expectations on Tuesday and revenue that topped forecasts.

The firm reported earnings per share of $1.32 on revenue of $867M. Analysts polled by Investing.com anticipated EPS of $1.36 on revenue of $862.29M. That compared to EPS of $1.44 on revenue of $714.0M in the same period a year earlier. The company had reported EPS of $1.52 on revenue of $853M in the previous quarter.

Illumina shares lost 0.93% to trade at $282.60 in after-hours trade following the report.

Illumina follows other major Technology sector earnings this month

On Thursday, Intel reported fourth quarter EPS of $1.28 on revenue of $18.66B, compared to forecasts of EPS of $1.22 on revenue of $19.01B.

Taiwan Semiconductor earnings beat analyst's expectations on January 17, with fourth quarter EPS of $0.63 on revenue of $9.4B. Investing.com analysts expected EPS of $0.62 on revenue of $9.36B

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

Related Articles

Tesla begins sales of cheaper Model 3 car variant in China

Go-Jek raises $1 billion in round led by Google, Tencent, JD

Indonesia stocks higher at close of trade; IDX Composite Index up 0.09%