Illumina (NASDAQ:ILMN) reported third quarter earnings that beat analyst's expectations on Tuesday and revenue that topped forecasts.
The firm reported earnings per share of $1.33 on revenue of $853M. Analysts polled by expected EPS of $1.26 on revenue of $828.23M. That compared to EPS of $1.11 on revenue of $662.0M in the same period a year earlier. The company had reported EPS of $1.43 on revenue of $830M in the previous quarter.
Illumina shares lost 0.57% to trade at $312.00 in after-hours trade following the report.
For the year, Illumina shares are up 39.6%, outperforming the Nasdaq which is up 7.21% year to date.
Illumina follows other major Technology sector earnings this month
On Thursday, Taiwan Semiconductor reported third quarter EPS of $0.56 on revenue of $8.4B, compared to forecasts of EPS of $0.56 on revenue of $8.38B.
SAP ADR earnings beat analyst's expectations on Thursday, with third quarter EPS of $1.31 on revenue of $6.93B. analysts expected EPS of $1.26 on revenue of $6.95B
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