Investing.com - Illumina (NASDAQ:ILMN) reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Illumina announced earnings per share of $0.62 on revenue of $633M. Analysts polled by Investing.com anticipated EPS of $0.67 on revenue of $679.55M.
Illumina shares are up 20.64% from the beginning of the year, still down 0.99% from its 52 week high of $404.20 set on August 5. They are outperforming the S&P 500 which is up 3.68% from the start of the year.
Illumina follows other major Technology sector earnings this month
Illumina's report follows an earnings beat by Apple on July 30, who reported EPS of $2.58 on revenue of $59.69B, compared to forecasts EPS of $2.05 on revenue of $52.24B.
Microsoft had beat expectations on July 22 with fourth quarter EPS of $1.46 on revenue of $38.03B, compared to forecast for EPS of $1.34 on revenue of $36.54B.
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