Seeking Alpha

Illumina beats, raises

  • Shares of Illumina (ILMN) are up 6.3% AH following the company's top and bottom line beat.
  • Gross margin (ex-items) comes in at 70.2%, roughly in line with Q3 2012.
  • R&D expense: $71M versus $54.1M in the same period a year ago.
  • "These results highlight another quarter of solid operational execution and record financial performance," CEO Jay Flatley says.
  • FY13 outlook: $1.75-1.77/share versus previous guidance of $1.68-1.72/share and against consensus of $1.72/share.

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