Illumina (ILMN) Appoints Steven Barnard as CTO
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Illumina (ILMN) falls 6% after cutting full-year forecast; Analysts highlight China weakness
August 9, 2023 4:30 PM EDT(Updated - August 10, 2023 6:53 AM EDT)
Illumina (NASDAQ: ILMN) shares fell over 6% in pre-market trading after the company slashed its full-year forecast.
The companys adjusted earnings per share came in at 32 cents, easily surpassing both the estimate of 2 cents. In terms of revenue for the second quarter, Illumina generated $1.18 billion, which represents a modest 1.2% year-over-year increase, topping the $1.16B expectations.
The companys adjusted gross... More
