Illumina Sees FY24 Core Illumina Revenue Approx. Flat YoY
Portfolio Pulse from Benzinga Newsdesk
Illumina has projected that its core revenue for fiscal year 2024 will be approximately flat compared to the previous year. This forecast indicates no significant growth or decline in the company's core revenue streams.

February 08, 2024 | 9:07 pm
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Illumina's projection of flat core revenue for FY24 suggests stability but no growth in its core business areas.
Flat revenue projections typically indicate a company's stability in its core business areas but may also suggest a lack of growth opportunities or challenges in expanding its market share. For Illumina, this forecast could lead to a neutral short-term impact on its stock price as investors may have mixed reactions to the stability versus the lack of growth.
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