Illumina lowers outlook due to China sales ban, to cut $100 million in costs, WSJ reports-March 2024-www.financetom.com

Illumina lowers outlook due to China sales ban, to cut $100 million in costs, WSJ reports

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Illumina lowers outlook due to China sales ban, to cut $100 million in costs, WSJ reports

Mar 10, 2025 1:33 PM

March 10 (Reuters) - Illumina ( ILMN ) is reducing its

annual forecast and cutting $100 million in spending because

China barred sales of the company's gene-sequencing machines,

the Wall Street Journal reported on Monday, citing the company's

Chief Financial Officer Ankur Dhingra.

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