Illumina Inc. Q2 adjusted earnings Beat Estimates

(RTTNews) - Illumina Inc. (ILMN) reported earnings for its second quarter that rose from the same period last year.

The company's profit came in at $296 million, or $1.99 per share. This compares with $209 million, or $1.41 per share, in last year's second quarter.

Excluding items, Illumina Inc. reported adjusted earnings of $200 million or $1.35 per share for the period.

Analysts had expected the company to earn $1.34 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 1.0% to $838 million from $830 million last year.

Illumina Inc. earnings at a glance:

-Earnings (Q2): $200 Mln. vs. $212 Mln. last year. -EPS (Q2): $1.35 vs. $1.43 last year. -Analysts Estimate: $1.34 -Revenue (Q2): $838 Mln vs. $830 Mln last year.

-Guidance: Full year EPS guidance: $6.00 to $6.10.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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