Illumina Sees FY23 EPS $0.75-$-.90 Vs $1.31 Est.; Expects Consolidated Revenue Growth Of ~1% Compared To FY22
Portfolio Pulse from Benzinga Newsdesk
Illumina has updated its FY23 guidance, expecting consolidated revenue growth of approximately 1% compared to FY22. Core Illumina revenue is expected to be flat, while GRAIL revenue is projected to be between $90 million and $110 million. The company anticipates a GAAP diluted loss per share of $(2.08) to $(1.93) and non-GAAP diluted earnings per share of $0.75 to $0.90.
August 09, 2023 | 8:09 pm
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Illumina's updated FY23 guidance indicates a slower growth in consolidated revenue and a potential loss per share. This could impact investor sentiment and the company's stock performance.
The updated guidance shows a slower growth in consolidated revenue and a potential loss per share, which could be seen as negative indicators for the company's financial performance. This could lead to a decrease in investor confidence and a potential drop in the stock price.
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