Illumina shares are trading higher after the company reported preliminary Q4 and FY23 consolidated revenue guidance above estimates.
Portfolio Pulse from Benzinga Newsdesk
Illumina's stock is trading higher following the company's announcement of preliminary Q4 and full-year 2023 revenue guidance that exceeded analysts' expectations.
January 09, 2024 | 3:15 pm
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Illumina's stock price is experiencing an upswing after the company released preliminary revenue guidance for Q4 and FY23 that surpassed market estimates.
The positive preliminary revenue guidance suggests that Illumina has performed better than expected, which typically leads to increased investor confidence and can drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100