Illumina Q1 2024 Adj EPS $0.09 Beats $0.04 Estimate, Sales $1.06B Beat $1.05B Estimate
Portfolio Pulse from Benzinga Newsdesk
Illumina (ILMN) reported Q1 2024 adjusted EPS of $0.09, surpassing the $0.04 estimate, with sales of $1.06B exceeding the $1.05B forecast. This represents a 2.48% decrease in sales compared to the same period last year.
May 02, 2024 | 8:06 pm
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Illumina's Q1 2024 earnings and sales surpassed analyst estimates, with a slight year-over-year decrease in sales.
Beating both EPS and sales estimates typically generates positive investor sentiment, likely leading to a short-term uptick in stock price. However, the year-over-year decrease in sales might temper some of the positive momentum.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100