Illumina Reports Preliminary Revenue for Second Quarter of Fiscal Year 2019
Illumina, Inc. (ILMN)
Last illumina, inc. earnings: 4/30 04:05 pm
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Source: Business Wire
Revises 2019 Full Year Revenue Guidance SAN DIEGO--(BUSINESS WIRE)--Illumina, Inc. (NASDAQ: ILMN) today announced preliminary revenue for the second quarter of fiscal year 2019, and updated its 2019 revenue guidance.Subject to quarter-end closing adjustments, the Company expects to report second quarter revenue of approximately $835 million, compared to $830 million in the second quarter of 2018.The Company’s second quarter results were impacted by the following:Approximately $30 million lower revenue than expected associated with population genomics initiatives, including a sizeable sequencing systems and consumables purchase that did not close as expected in the second half of June, which is now expected to close later in 2019.Approximately $10 million lower revenue than expected associated with ongoing weakness in the direct-to-consumer (DTC) market, primarily impacting array services.Approximately $10 million lower revenue than expected associated with Illumina’s non-high-throu
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