SAN DIEGO (AP) — SAN DIEGO (AP) — Illumina Inc. (ILMN) on Thursday reported third-quarter profit of $150 million.
The San Diego-based company said it had net income of 98 cents per share. Earnings, adjusted for non-recurring costs, were $1.34 per share.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.16 per share.
The genetic testing tools company posted revenue of $1.08 billion in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $1.07 billion.
Illumina expects full-year earnings in the range of $4.65 to $4.75 per share.
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