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Illumina Shares Plunge 22% on Q2 Miss & Disappointing Guidance

Illumina (NASDAQ:ILMN) shares plummeted 22% after-hours following the company’s reported Q2 results, with EPS of $0.57 coming in worse than the consensus estimate of $0.64. Revenue...
Illumina Shares Plunge 22% on Q2 Miss & Disappointing Guidance © Reuters. Illumina Shares Plunge 22% on Q2 Miss & Disappointing Guidance

Illumina (NASDAQ:ILMN) shares plummeted 22% after-hours following the company’s reported Q2 results, with EPS of $0.57 coming in worse than the consensus estimate of $0.64. Revenue grew 3% year-over-year (up 5% on a constant currency basis) to $1.16 billion, compared to the consensus estimate of $1.22 billion.

"Our second quarter results did not meet our expectations as challenges in a complex macroeconomic environment more than offset the growth we continue to see in sequencing runs on our platforms," said Francis deSouza, CEO of Illumina.

The analysts provided their full 2022-year outlook, expecting EPS to be in the range of $2.75-$2.90, worse than the consensus estimate of $4.12. Consolidated revenue growth is expected to be in the range of 4% to 5%.

The company expects 2022 Core Illumina revenue growth to be in the range of 3.5-4.5%, and GRAIL revenue to be in the range of $50-$70 million.

By Davit Kirakosyan

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01-05-2024 10:45:17 (UTC+7)

EUR/USD

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EUR/USD

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USD/JPY

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AUD/USD

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USD/CAD

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EUR/JPY

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EUR/CHF

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Copper Futures

4.5305

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81.14

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85.62

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4,920.55

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 EUR/USD1.0658↑ Sell
 GBP/USD1.2475↑ Sell
 USD/JPY157.91↑ Buy
 AUD/USD0.6469Neutral
 USD/CAD1.3780↑ Buy
 EUR/JPY168.32↑ Buy
 EUR/CHF0.9808Neutral
 Gold2,295.80↑ Sell
 Silver26.677↑ Sell
 Copper4.5305↑ Buy
 Crude Oil WTI81.14↑ Sell
 Brent Oil85.62↑ Sell
 Natural Gas1.946↑ Sell
 US Coffee C213.73↑ Sell
 Euro Stoxx 504,920.55↑ Sell
 S&P 5005,035.69↑ Sell
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 FTSE 1008,144.13Sell
 Hang Seng17,763.03↑ Sell
 Small Cap 20001,973.05↑ Sell
 IBEX 3510,854.40Neutral
 BASF49.155↑ Sell
 Bayer27.35↑ Sell
 Allianz266.60↑ Sell
 Adidas226.40↑ Sell
 Lufthansa6.714Neutral
 Siemens AG175.90↑ Sell
 Deutsche Bank AG15.010Neutral
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank8,300/ 8,500
(8,300/ 8,500) # 1,298
SJC 1L, 10L, 1KG8,300/ 8,520
(0/ 0) # 1,510
SJC 1c, 2c, 5c7,380/ 7,550
(0/ 0) # 540
SJC 0,5c7,380/ 7,560
(0/ 0) # 550
SJC 99,99%7,370/ 7,470
(0/ 0) # 460
SJC 99%7,196/ 7,396
(0/ 0) # 386
Cập nhật 01-05-2024 10:45:19
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Cập nhật lúc 10:45:15 01/05/2024
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