Illumina Q4 2023 Adj EPS $0.14 Beats $0.02 Estimate, Sales $1.12B Beat $1.09B Estimate
Portfolio Pulse from Benzinga Newsdesk
Illumina reported Q4 2023 adjusted EPS of $0.14, surpassing the $0.02 estimate, with sales of $1.12B exceeding the $1.09B forecast. This represents a 3.42% increase in sales compared to the same period last year.
February 08, 2024 | 9:06 pm
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POSITIVE IMPACT
Illumina's Q4 2023 earnings and sales surpassed analyst estimates, indicating strong financial performance.
Beating both EPS and sales estimates significantly, especially by 600% for EPS, suggests operational efficiency and market strength. This positive surprise is likely to instill investor confidence and could lead to a short-term uptick in Illumina's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100