Illumina Inc. Bottom Line Falls 22% In Q1

(RTTNews) - Illumina Inc. (ILMN) revealed earnings for first quarter that dropped from last year.

The company said its profit declined to $105.54 million, or $0.71 per share. This was lower than $135.38 million, or $0.91 per share, in last year's first quarter.

Analysts had expected the company to earn $0.74 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 6.2% to $571.76 million. This was up from $538.57 million last year.

Illumina Inc. earnings at a glance:

-Earnings (Q1): $105.54 Mln. vs. $135.38 Mln. last year. -Earnings Decline (Y-o-Y): -22.0% -EPS (Q1): $0.71 vs. $0.91 last year. -EPS Decline (Y-o-Y): -22.0% -Analysts Estimate: $0.74 -Revenue (Q1): $571.76 Mln vs. $538.57 Mln last year. -Revenue Change (Y-o-Y): 6.2%

-Guidance: Next quarter EPS guidance: 0.72 to $0.74 Next quarter revenue guidance: $590 to $595 Mln Full year EPS guidance: $3.35 to $3.45