Illumina Preliminary Q4 Beats on Revenues; 2014 Guidance Issued

Illumina's anticipated $387 million in the top line for the quarter trumps the average analyst estimate by $17 million.

Jan 14, 2014 at 5:58PM

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. 

Fool contributor Eric Volkman has no position in Illumina. The Motley Fool recommends Illumina. Try any of our Foolish newsletter services free for 30 days. We Fools don't 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.

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