Illumina Inc. Profit Drops 11% In Q1

(RTTNews) - Illumina Inc. (ILMN) revealed earnings for first quarter that lost ground compared to the same period last year.

The company said its earnings totaled $94 million, or $0.64 per share. This was lower than $106 million, or $0.71 per share, in last year's first quarter.

Analysts had expected the company to earn $0.64 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 4.5% to $598 million. This was up from $572 million last year.

Illumina Inc. earnings at a glance:

-Earnings (Q1): $94 Mln. vs. $106 Mln. last year. -Earnings Decline (Y-o-Y): -11.3% -EPS (Q1): $0.64 vs. $0.71 last year. -EPS Decline (Y-o-Y): -9.9% -Analysts Estimate: $0.64 -Revenue (Q1): $598 Mln vs. $572 Mln last year. -Revenue Change (Y-o-Y): 4.5%

-Guidance: Next quarter EPS guidance: $0.65 to $0.70 Full year EPS guidance: $3.60 to $3.70