Investing.com - Illumina (NASDAQ:ILMN) reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Illumina announced earnings per share of $1.64 on revenue of $859M. Analysts polled by Investing.com anticipated EPS of $1.25 on revenue of $847.82M. That with comparison to EPS of $1.6 on revenue of $846M in the same period a year before.Illumina had reported EPS of $1.7 on revenue of $953M in the previous quarter.Analysts are expecting EPS of $1.3 and revenue of $833.85M in the upcoming quarter.
Illumina shares are down 3.84% from the beginning of the year and are trading at $319.00 , down-from-52-week-high.They are under-performing the Nasdaq 100 which is up 2.25% year to date.
Illumina follows other major Technology sector earnings this month
Illumina's report follows an earnings beat by Microsoft on Wednesday, who reported EPS of $1.4 on revenue of $35.02B, compared to forecasts EPS of $1.29 on revenue of $33.99B.
Alphabet C had missed expectations on Tuesday with first quarter EPS of $9.87 on revenue of $41.16B, compared to forecast for EPS of $10.26 on revenue of $40.99B.
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