Investing.com - Illumina (NASDAQ:ILMN) reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Illumina announced earnings per share of $1.22 on revenue of $953M. Analysts polled by Investing.com anticipated EPS of $1.1 on revenue of $898.38M.
Illumina shares are down 5% from the beginning of the year and are trading at $451.71 , down-from-52-week-high.They are under-performing the Nasdaq which is up 8.83% from the start of the year.
Illumina follows other major Technology sector earnings this month
Illumina's report follows an earnings beat by Apple on Wednesday, January 27, 2021, who reported EPS of $1.68 on revenue of $111.44B, compared to forecasts EPS of $1.42 on revenue of $103.27B.
Microsoft had beat expectations on Tuesday, January 26, 2021 with second quarter EPS of $2.03 on revenue of $43.08B, compared to forecast for EPS of $1.64 on revenue of $40.22B.
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