Illumina Preliminary Q4 Beats on Revenues; 2014 Guidance Issued

Illumina (NASDAQ: ILMN  ) has given its investors a late holiday present by releasing selected figures from its preliminary, unaudited Q4 results. For the quarter, company data shows that revenue came in at $387 million, which would top the average analyst estimate of $370 million. 

The company also released guidance for its current fiscal 2014. It believes it will post a top line 15%-17% higher on a year-over-year basis, or roughly $1.54 billion to 1.57 billion against its anticipation of around $1.34 billion for fiscal 2013. Non-GAAP EPS for 2014 are anticipated at $2.00-$2.06 per diluted share. At the moment, the average analyst estimate for 2014 revenues is $1.6 billion, and for EPS it is $2.05.

On the back of consistently pleasing results, Illumina's shares have been on a steady rise over the past year, more than doubling to their present level of $121.51. 


Read/Post Comments (0) | Recommend This Article (1)

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: 2795225, ~/Articles/ArticleHandler.aspx, 9/18/2014 9:56:41 AM

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...


Advertisement