SAN DIEGO (AP) — SAN DIEGO (AP) — Illumina Inc. (ILMN) on Thursday reported second-quarter earnings of $235 million.
On a per-share basis, the San Diego-based company said it had net income of $1.49. Earnings, adjusted for non-recurring gains, came to $1.19 per share.
The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.02 per share.
The genetic testing tools company posted revenue of $1.06 billion in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $1.05 billion.
Illumina expects full-year earnings in the range of $4.45 to $4.55 per share.
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