Investing.com - Illumina (NASDAQ:ILMN) reported fourth quarter earnings that missed analysts' expectations on Tuesday and revenue that topped forecasts.
The firm reported earnings per share of $1.32 on revenue of $867M. Analysts polled by Investing.com anticipated EPS of $1.36 on revenue of $862.29M. That compared to EPS of $1.44 on revenue of $714.0M in the same period a year earlier. The company had reported EPS of $1.52 on revenue of $853M in the previous quarter.
Illumina shares lost 0.93% to trade at $282.60 in after-hours trade following the report.
Illumina follows other major Technology sector earnings this month
On Thursday, Intel reported fourth quarter EPS of $1.28 on revenue of $18.66B, compared to forecasts of EPS of $1.22 on revenue of $19.01B.
Taiwan Semiconductor earnings beat analyst's expectations on January 17, with fourth quarter EPS of $0.63 on revenue of $9.4B. Investing.com analysts expected EPS of $0.62 on revenue of $9.36B
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