Investing.com - Illumina (NASDAQ:ILMN) reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Illumina announced earnings per share of $1.02 on revenue of $794M. Analysts polled by Investing.com anticipated EPS of $0.82 on revenue of $715.83M.
Illumina shares are down 5.26% from the beginning of the year and are trading at $315.12 , down-from-52-week-high.They are under-performing the S&P 500 which is up 2.43% from the start of the year.
Illumina shares gained 0.26% in after-hours trade after the report.
Illumina follows other major Technology sector earnings this month
Illumina's report follows an earnings beat by Microsoft on Tuesday, who reported EPS of $1.82 on revenue of $37.15B, compared to forecasts EPS of $1.54 on revenue of $35.76B.
Alphabet C had beat expectations on Thursday with third quarter EPS of $16.4 on revenue of $46.17B, compared to forecast for EPS of $11.3 on revenue of $42.76B.
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