Illumina (ILMN) Tops Q2 EPS by 52c, Updates Guidance

Illumina (NASDAQ: ILMN) reported Q2 EPS of $1.87, $0.52 better than the analyst estimate of $1.35. Revenue for the quarter came in at $1.13 billion versus the consensus estimate of $1.01 billion.

GUIDANCE:

Illumina sees FY2021 EPS of $6.30-$6.50, versus the consensus of $6.02.

• For fiscal 2021, the company now expects year-over-year revenue growth in the range of 32% to 34%, GAAP earnings per diluted share of $4.69 to $4.89, and non-GAAP earnings per diluted share of $6.30 to $6.50. The company's financial guidance excludes any potential impact of consolidating the financial results of GRAIL.

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

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