Illumina Inc. (ILMN) reported second quarter adjusted EPS of $0.80 after the close Tuesday, compared to $0.57 last year. Revenues were up 21% at $539.4 million compared with $447.6 million in the prior year. The consensus estimates were for EPS of $0.77 and revenues of $541.8 million.
The company also increased its full year adjusted EPS forecast to between $3.39 and $3.45, from its previous guidance of $3.36 to $3.42. The consensus estimate is for EPS of $3.44.
Illumina has gapped open sharply lower Wednesday morning and is now down 29.29 at $208.25. The stock has dropped to a month and a half low and has fallen below its 50-day moving average.
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