Illumina Inc. Q3 adjusted earnings Beat Estimates

(RTTNews) - Illumina Inc. (ILMN) reported a profit for its third quarter that advanced from the same period last year.

The company's bottom line came in at $234 million, or $1.58 per share. This compares with $199 million, or $1.33 per share, in last year's third quarter.

Excluding items, Illumina Inc. reported adjusted earnings of $286 million or $1.93 per share for the period.

Analysts had expected the company to earn $1.40 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 6.3% to $907 million from $853 million last year.

Illumina Inc. earnings at a glance:

-Earnings (Q3): $286 Mln. vs. $227 Mln. last year. -EPS (Q3): $1.93 vs. $1.52 last year. -Analysts Estimate: $1.40 -Revenue (Q3): $907 Mln vs. $853 Mln last year.

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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