Illumina Reports Preliminary Revenue for Second Quarter of Fiscal Year 2019
Illumina, Inc. (ILMN)
Last illumina, inc. earnings: 4/30 04:05 pm
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Source: Business Wire
Revises 2019 Full Year Revenue Guidance SAN DIEGO--(BUSINESS WIRE)--Illumina, Inc. (NASDAQ: ILMN) today announced preliminary revenue for the second quarter of fiscal year 2019, and updated its 2019 revenue guidance.Subject to quarter-end closing adjustments, the Company expects to report second quarter revenue of approximately $835 million, compared to $830 million in the second quarter of 2018.The Company’s second quarter results were impacted by the following:Approximately $30 million lower revenue than expected associated with population genomics initiatives, including a sizeable sequencing systems and consumables purchase that did not close as expected in the second half of June, which is now expected to close later in 2019.Approximately $10 million lower revenue than expected associated with ongoing weakness in the direct-to-consumer (DTC) market, primarily impacting array services.Approximately $10 million lower revenue than expected associated with Illumina’s non-high-throu
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News
- Illumina, Inc. (NASDAQ: ILMN) had its price target raised by analysts at Stephens from $170.00 to $184.00. They now have an "overweight" rating on the stock.MarketBeat
- Illumina, Inc. (NASDAQ: ILMN) had its "equal weight" rating re-affirmed by analysts at Morgan Stanley. They now have a $156.00 price target on the stock.MarketBeat
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- Why Illumina (ILMN) is a Top Momentum Stock for the Long-Term [Yahoo! Finance]Yahoo! Finance
- Illumina, Inc. (NASDAQ: ILMN) had its price target lowered by analysts at Piper Sandler from $195.00 to $185.00. They now have an "overweight" rating on the stock.MarketBeat
ILMN
Earnings
- 11/4/24 - Beat
ILMN
Sec Filings
- 11/12/24 - Form SC
- 11/7/24 - Form 4
- 11/7/24 - Form 4
- ILMN's page on the SEC website