Illumina shares are trading lower after the company issued FY23 EPS guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Illumina has issued its FY23 EPS guidance below estimates, leading to a decrease in its share price.
August 09, 2023 | 8:15 pm
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NEGATIVE IMPACT
Illumina's lower than expected FY23 EPS guidance has negatively impacted its stock price.
Illumina's FY23 EPS guidance, which is lower than estimates, has led to a decrease in investor confidence, resulting in a drop in its stock price. This is a direct impact on the company's stock as earnings per share (EPS) is a key indicator of a company's profitability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100