Illumina (ILMN) trading halted with news pending
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Canaccord Genuity Cuts Price Target on Illumina (ILMN) to $135 Following Weak 3Q Preannouncement
October 11, 2016 9:53 AM EDTCanaccord Genuity maintained a Hold rating on Illumina (NASDAQ: ILMN), and cut the price target to $135.00 (from $165.00), following the company's 3Q preannouncement. After the close, ILMN preannounced revenues of ~$607M, ~$21M below the Street's $628M and the $625-630M guide. ILMN did not report adjusted EPS but the revenue shortfall implies EPS of $0.87, below the Street's $0.91 estimate.
Analyst Mark... More
Illumina (ILMN) will resume trading at 4:35pm ET
October 10, 2016 4:10 PM EDTIllumina (NASDAQ: ILMN) will resume trading at 4:35pm EDT.
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