SAN DIEGO (AP) — SAN DIEGO (AP) — Illumina Inc. (ILMN) on Thursday reported a loss of $126 million in its first quarter.
The San Diego-based company said it had a loss of 79 cents per share. Earnings, adjusted for non-recurring costs, came to 9 cents per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share.
The genetic testing tools company posted revenue of $1.08 billion in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $1.05 billion.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ILMN at https://www.zacks.com/ap/ILMN
Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
