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Stock impact report

EQUITY ALERT: Rosen Law Firm Announces Investigation of Breaches of Fiduciary Duties By Management of Illumina, Inc. – ILMN

Illumina, Inc. (ILMN) 
Last illumina, inc. earnings: 4/30 04:05 pm Check Earnings Report
Company Research Source: Business Wire
NEW YORK--(BUSINESS WIRE)-- Rosen Law Firm, a global investor rights law firm, announces it is investigating potential breaches of fiduciary duties by management of Illumina, Inc. (NASDAQ: ILMN) resulting from allegations that management may have issued materially misleading business information to the investing public. On October 10, 2016, Illumina, which provides genetic sequencing products to customers in the medical, academic, and pharmaceutical industries, announced estimated third quarter fiscal year 2016 revenue of approximately $607 million, which was lower than its guidance of $625 million to $630 million. Illumina attributed the shortfall to a “larger than anticipated year-over-year decline in high throughput sequencing instruments.” On this news, shares of Illumina fell $45.86 per share or over 24% from its previous closing price to close at $138.99 per share on October 11, 2016. Show less Read more
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