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.
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.
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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.
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