05:04 PM EST, 11/04/2024 (MT Newswires) -- Illumina ( ILMN ) reported fiscal Q3 non-GAAP earnings late Monday of $1.14 per diluted share, up from $0.33 a year earlier.

Analysts polled by Capital IQ expected $0.88.

Revenue for the quarter that ended Sept. 29 was $1.08 billion, down from $1.12 billion a year earlier.

Analysts surveyed by Capital IQ expected $1.08 billion.

For fiscal 2024, the company raised its guidance for core non-GAAP diluted EPS to be $4.05 to $4.15, from its prior guidance of $3.80 to $3.95. Analysts surveyed by Capital IQ expect a normalized EPS of $3.91.

For fiscal 2024, the company now expects core revenue to slide by about 3% from a year ago, versus its previous outlook, set out on Aug. 6, for a drop of 2% to 3%.

For fiscal Q4, the company expects core revenue of about $1.07 billion. Analysts surveyed by Capital IQ expect Q4 sales to be $1.11 billion.

Shares of the company traded 2.2% lower in after-hours activity.

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