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 10, 2023 | 12:16 pm
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Illumina's lower than expected FY23 EPS guidance has negatively impacted its stock price.
Illumina's FY23 EPS guidance, which is lower than market estimates, has led to a decrease in its stock price. This is because EPS is a key indicator of a company's profitability, and lower than expected EPS often leads to a decrease in the company's stock price as it indicates lower profitability than expected.
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