Illumina jumped 9% in morning trading

Tiger Newspress2021-04-06

Illumina jumped 9% in Tuesday morning trading.

Illumina, Inc. announced preliminary first-quarter revenue and upwardly revised its revenue guidance for fiscal year 2021.The company expects revenue of $1.085 billion for the first quarter, representing 26% year-over-year growth. Analysts, on average, estimate revenue of $945.23 million for the quarter.

The company attributed the strength to record orders of $1.4 billion, sequencing consumables growth of about 25% and sequencing instrument growth of 120%.

Illumina raised its 2021 revenue growth guidance from 17%-20% to 25%-28%, ahead of the consensus forecast of 21.6% growth.

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LIAN230221
2021-04-06
LIAN230221
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ASCNMN
2021-04-06
ASCNMN
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RTHS
2021-04-06
RTHS
High tech life science

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