Illumina (ILMN) Tops Q3 EPS by 32c, Offers Guidance

Illumina (NASDAQ: ILMN) reported Q3 EPS of $1.45, $0.32 better than the analyst estimate of $1.13. Revenue for the quarter came in at $1.11 billion versus the consensus estimate of $1.04 billion.

GUIDANCE:

Illumina sees FY2021 EPS of $5.50-$5.60, may not compare versus the consensus of $5.73.

• For fiscal 2021, the company now expects both consolidated and Core Illumina revenue growth of approximately 36%. The company now expects GAAP earnings per diluted share of $4.41 to $4.51, and non-GAAP earnings per diluted share of $5.50 to $5.60, which includes dilution from GRAIL non-GAAP operating loss of approximately $1.00 and incremental dilution from the 9.8 million shares issued to fund the GRAIL acquisition of $0.15

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

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