Illumina Earnings: A Beat and a Raise
Illumina Earnings: A Beat and a Raise
Date Published: 10-23-2018
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The results here are provided for general informational purposes, as a convenience to the readers. The materials are not a substitute for obtaining professional advice from a qualified person, firm or corporation.This is a snippet taken form a full CML Pro dossier.
LEDE
Spotlight Top Pick Illumina (ILMN) reported earnings after the bell, and it was a beat and a raise across the board.We added Illumina to Top Picks on 6-Apr-16 for $168.36. The stock is trading at $313.80, up 86.4% as of this writing.
Illumina - By the Numbers
Here are the estimates and the actual results for the marvel that is Illumina.Current Quarter Analyst Estimates
| Revenue | $828.24 million |
| Adjusted EPS | $1.26 |
Illumina reported $1.52 in adjusted EPS, which not only beat the consensus average estimate of $1.26, but blew through the highest estimate of any analyst, which was $1.40. Further, Illumina reported $853 million in sales, beating the average estimate $828 million forecast and also smashing through even the highest estimate of $842.50 million.
The news got better.
Expected Guidance for Full Year:
| Revenue | $3.3 billion |
| EPS | $5.42 |
Illumina crushed guidance as well, forecasting $5.70-$5.75 in adjusted EPS, compared with the average estimate of $5.42, and falling just shy of the highest full year estimate, which came in at $5.79.
What Happened
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