ILMN Q3 Earnings Top, '24 Sales View Down, Stock Dips in Aftermarket
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Illumina's Q3 earnings exceeded expectations, driven by strong growth in the consumables business. However, the company's 2024 sales outlook has been revised downward, leading to a dip in its stock price in aftermarket trading.
November 05, 2024 | 3:30 pm
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Illumina's Q3 earnings surpassed expectations due to strong consumables growth, but the 2024 sales outlook was revised downward, causing a stock dip in aftermarket trading.
The positive earnings report was overshadowed by a downward revision in the 2024 sales outlook, which is likely to concern investors and lead to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100