Illumina: Q2 Earnings Snapshot

August 11, 2022 GMT

SAN DIEGO (AP) _ Illumina Inc. (ILMN) on Thursday reported a second-quarter loss of $535 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the San Diego-based company said it had a loss of $3.40. Earnings, adjusted for non-recurring costs, were 57 cents per share.

The results missed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 63 cents per share.

The genetic testing tools company posted revenue of $1.16 billion in the period, which also missed Street forecasts. Six analysts surveyed by Zacks expected $1.22 billion.

Illumina expects full-year earnings in the range of $2.75 to $2.90 per share.

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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