--> ILMN traded down 3% and only -1.34% now
Illumina beats by $0.02, reports revs in-line; guides FY17 EPS above consensus, revs below consensus
- Reports Q4 (Dec) earnings of $0.85 per share, excluding non-recurring items, $0.02 better than the Capital IQ Consensus of $0.83; revenues rose 4.6% year/year to $619 mln vs the $614.41 mln Capital IQ Consensus.
- Co pre-announced rev $619 mln vs. $611 mln consensus on Jan 10.
- Non-GAAP gross margin was 69.9% for the fourth quarter of 2016 compared to 71.7% in the prior year period.
- Co issues mixed guidance for FY17, sees EPS of $3.60-3.70, excluding non-recurring items, vs. $3.63 Capital IQ Consensus Estimate; sees FY17 revs growth between 10-12% to between $2.44-2.49 bln, vs. $2.64 bln Capital IQ Consensus Estimate.