Recs

5

Illumina Shares Popped: What You Need to Know

Don't let it get away!

Keep track of the stocks that matter to you.

Help yourself with the Fool's FREE and easy new watchlist service today.

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Illumina (Nasdaq: ILMN  ) shares bounced 10% in early trading, after earnings beat analyst estimates.

So What: Earnings per share, excluding special items, came in at $0.30, above analysts' projections of $0.24. Revenue of $237.3 million soundly beat estimates of $218.3 million.

Now What: Net income increased 100% year over year, and the company beat estimates for the fourth straight quarter -- a quality I look for in a growth stock. These are great results for Illumina, as demand for its research tools picks up. The stock has since pulled back from its midday peak, creating a better buying opportunity for this Motley Fool Stock Advisor pick.

Interested in more info on Illumina? Add it to your watchlist here by clicking here.

Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.

Illumina is a Motley Fool Stock Advisor pick. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.


Read/Post Comments (0) | Recommend This Article (5)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 1346675, ~/Articles/ArticleHandler.aspx, 7/29/2015 10:30:25 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Travis Hoium
TMFFlushDraw

Travis Hoium has been writing for fool.com since July 2010 and covers the solar industry, renewable energy, and gaming stocks among other things.

Today's Market

updated 1 hour ago Sponsored by:
DOW 17,751.39 121.12 0.69%
S&P 500 2,108.57 15.32 0.73%
NASD 5,111.73 22.53 0.44%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

7/29/2015 3:59 PM
ILMN $217.19 Down -0.63 -0.29%
Illumina CAPS Rating: ****

Advertisement