Seeking Alpha

Illumina beats by $0.09, beats on revenue

  • Illumina (ILMN): Q1 EPS of $0.53 beats by $0.09.
  • Revenue of $421M (+27.2% Y/Y) beats by $29.5M.
  • Press Release
Comments (1)
  • derekmw
    , contributor
    Comments (17) | Send Message
     
    ILMN was a great BUY on the recent "hedge fund implosion" pullback below $140.00.
    The stock filled the prior gap-higher when they pre-announcing better-than-expected earnings in January and is back on track and poised to go much higher!

     

    Our first quarter results have set the stage for a strong 2014, stated Jay Flatley, CEO. We are experiencing an exciting uptake of our new products, including the NextSeq" 500 and HiSeq X" Ten, while demand for the overall product portfolio remains robust. We continue to innovate across the entire spectrum of the sequencing workflow to more broadly enable the adoption of genomics.
    22 Apr, 04:24 PM Reply Like
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