Illumina (ILMN) Misses Q4 EPS by 12c

Illumina (NASDAQ: ILMN) reported Q4 EPS of $0.70, $0.12 worse than the analyst estimate of $0.82. Revenue for the quarter came in at $591.5 million versus the consensus estimate of $585.18 million.

Financial outlook and guidance

The non-GAAP financial guidance discussed below reflects certain pro forma adjustments to assist in analyzing and assessing our core operational performance. Please see our Reconciliation of Non-GAAP Financial Guidance included in this release for a reconciliation of the GAAP and non-GAAP financial measures.

For fiscal 2016, the Company is projecting approximately 16% revenue growth, assuming current exchange rates, and non-GAAP earnings per diluted share attributable to Illumina stockholders of $3.55 to $3.65. These projections assume full year non-GAAP gross margin of approximately 73% and a net loss attributable to non-controlling interests of approximately $30 million. Full-year weighted average diluted shares outstanding, for the measurement of pro forma amounts, is expected to be approximately 149 million shares.

The Street sees FY16 EPS of $3.64.

For earnings history and earnings-related data on Illumina (ILMN) click here.

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