Illumina Q3 Profit Rises, Lifts FY13 Outlook - Quick Facts

(RTTNews) - Illumina Inc. (ILMN) Monday reported third-quarter profit of $31 million or $0.22 per share, up from $30 million or $0.22 per share in the same period last year.

Adjusted earnings for the quarter was $63 million or $0.45 per share. On average, 23 analysts polled by Thomson Reuters expected the company to earn $0.40 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues increased 25 percent to $357 million from $286 million last year. Analysts expected revenues of $343.56 million.

Looking ahead to the fiscal 2013, the company currently projects revenue growth of approximately 22 percent with adjusted earnings in a range of $1.75 to $1.77 per share. This compares to its previous guidance range of $1.68 to $1.72 per share.

The company earlier projected revenue growth of about 20 percent. Analysts currently expect full-year earnings of $1.72 per share.