Illumina Analysts Increase Their Forecasts Following Strong Q2 Results
Portfolio Pulse from Avi Kapoor
Illumina, Inc. (NASDAQ:ILMN) reported better-than-expected Q2 sales results, leading to increased price targets from analysts. Despite missing earnings estimates, the company's sales performance and strategic execution were praised. Shares rose 9.1% following the announcement.
August 07, 2024 | 3:55 pm
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Illumina reported better-than-expected Q2 sales but missed earnings estimates. Analysts raised their price targets, and shares rose 9.1%.
Illumina's strong sales performance and strategic execution led to increased price targets from analysts, despite missing earnings estimates. The market reacted positively, with shares rising 9.1%.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100