Illumina: Q4 Earnings Snapshot
SAN DIEGO (AP) — SAN DIEGO (AP) — Illumina Inc. (ILMN) on Thursday reported a loss of $176 million in its fourth quarter.
SAN DIEGO (AP) — SAN DIEGO (AP) — Illumina Inc. (ILMN) on Thursday reported a loss of $176 million in its fourth quarter.
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The San Diego-based company said it had a loss of $1.11 per share. Earnings, adjusted for non-recurring costs, came to 14 cents per share.
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The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share.
The genetic testing tools company posted revenue of $1.12 billion in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $1.09 billion.
For the year, the company reported a loss of $1.16 billion, or $7.34 per share. Revenue was reported as $4.5 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ILMN at https://www.zacks.com/ap/ILMN