Illumina Inc. (ILMN) reported third quarter adjusted EPS of $0.77 after the bell Monday, compared to $0.45 a year ago. Analysts had expected EPS of $0.56. The company also increased its full year adjusted EPS forecast to between $2.63 and $2.65, from prior expectations of $2.26 to $2.28. The consensus estimate is for EPS of $2.30.
Illumina gapped open sharply higher Tuesday morning, but was range-bound throughout the session. The stock closed up by 15.08 at $179.55 on above average volume. Illumina closed challenging resistance at the highs of the year, trading at a month and a half high.
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