Investing.com - Illumina (NASDAQ:ILMN) reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Illumina announced earnings per share of $1.7 on revenue of $953M. Analysts polled by Investing.com anticipated EPS of $1.58 on revenue of $940.53M. That with comparison to EPS of $1.32 on revenue of $867M in the same period a year before. Illumina had reported EPS of $1.93 on revenue of $907M in the previous quarter. Analysts are expecting EPS of $1.59 and revenue of $934.27M in the upcoming quarter.
Illumina shares are down 5.59% from the beginning of the year and are trading at $313.19 , still down 17.75% from its 52 week high of $380.76 set on July 10, 2019. They are under-performing the S&P 500 which is up 0.88% year to date.
Illumina follows other major Technology sector earnings this month
Illumina's report follows an earnings beat by Apple on Tuesday, who reported EPS of $4.99 on revenue of $91.82B, compared to forecasts EPS of $4.54 on revenue of $88.38B.
Microsoft had beat expectations on Wednesday with second quarter EPS of $1.51 on revenue of $36.91B, compared to forecast for EPS of $1.32 on revenue of $35.67B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar