Illumina (ILMN) Smashed 10% On Implied FY11 EPS "Miss"

July 26, 2011 4:19 PM EDT
Illumina Inc. (Nasdaq: ILMN) is trading lower following Q2 results and lackluster guidance.

Illumina reported Q2 EPS of $0.38, $0.01 better than the analyst estimate of $0.37. Revenue for the quarter came in at $287.5 million versus the consensus estimate of $281.62 million.

The company said it sees FY11 non-GAAP EPS of $1.41-$1.44 which is below the consensus of $1.52.

Shares of ILMN are down 9.6%.


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