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Stock impact report

DNA-sequencing specialist Illumina says sales will beat diminished expectations [MarketWatch]

Illumina, Inc. (ILMN) 
Last illumina, inc. earnings: 4/30 04:05 pm Check Earnings Report
Company Research Source: MarketWatch
Illumina Inc. , which specializes in genetic testing and DNA sequencing, said Tuesday afternoon that its first-quarter revenue will beat its own projections and estimates that have declined in the wake of the COVID-19 pandemic. The company said that it expects to report first-quarter revenue of about $858 million, up from $846 million a year ago and higher than the projection of $850 million to $855 million that the company provided in January. Analysts on average expected revenue of $835 million for the quarter, though that projection had declined from $857.4 million as of the end of February. Illumina did retract the rest of its guidance for this year due to uncertainty related to the spread of the coronavirus. "While our preliminary first quarter results were strong overall, we expect the second quarter to be significantly impacted by COVID-19 related disruption," Chief Financial Officer Sam Samad said in the announcement. "We are confident that this is a temporary disruption that Show less Read more
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