More on Illumina's (ILMN) Q2: Revenue beats comfortably. Gross margin falls 420 bps on a GAAP...

|By:, SA News Editor

More on Illumina's (ILMN) Q2: Revenue beats comfortably. Gross margin falls 420 bps on a GAAP basis but only 140 bps ex-items. R&D falls 5% while SG&A rises 29% Y/Y. CEO Jay Flatley is "very pleased" with the company's H1 financial performance. FY13 outlook: Non-GAAP EPS of $1.68-1.72 (20% revenue growth) against consensus of $1.67/ share. Shares +4.8% AH. (PR)