Shares of Illumina Inc. tumbled about 10% in premarket trading on Tuesday, the day after the company said it expects lower-than-expected earnings per share...
Shares of Illumina Inc. ILMN tumbled about 10% in premarket trading on Tuesday, the day after the company said it expects lower-than-expected earnings per share of of $1.25 to $1.50 in 2023. The FactSet consensus is $2.67. Illumina also said it expects revenue growth of 7% to 10% this year. Analysts had been expecting a 10% bump in revenue. “The company is now issuing a more cautious outlook,” J.P. Morgan analysts told investors on Monday.
... Shares of Illumina Inc. ILMN tumbled about 10% in premarket trading on Tuesday, the day after the company said it expects lower-than-expected earnings per share of of $1.25 to $1.50 in 2023. The FactSet consensus is $2.67. Illumina also said it expects revenue growth of 7% to 10% this year. Analysts had been expecting a 10% bump in revenue. “The company is now issuing a more cautious outlook,” J.P. Morgan analysts told investors on Monday.
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