Illumina Q1 Non-GAAP Earnings Increase, Revenue Decreases -- Shares Down After Hours-April 2024-www.financetom.com

Illumina Q1 Non-GAAP Earnings Increase, Revenue Decreases -- Shares Down After Hours

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Illumina Q1 Non-GAAP Earnings Increase, Revenue Decreases -- Shares Down After Hours

May 2, 2024 2:53 PM

05:21 PM EDT, 05/02/2024 (MT Newswires) -- Illumina ( ILMN ) reported Q1 non-GAAP earnings late Thursday of $0.09 per diluted share, up from $0.08 a year earlier.

Analysts polled by Capital IQ expected $0.11.

Revenue for the quarter that ended March 31 was $1.08 billion, down from $1.09 billion a year earlier.

Analysts surveyed by Capital IQ expected $1.05 billion.

Shares of the company traded more than 1% lower in after-hours activity.

Price: 122.00, Change: -1.99, Percent Change: -1.60

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