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Illumina cuts FY23 adjusted EPS view to 60c-70c from 75c-90c

FY23 EPS consensus 80c. Illumina now expects fiscal year 2023 consolidated revenue to decrease 2% to 3% from 2022, including Core Illumina revenue to decrease 3% to 4% from 2022 and GRAIL revenue at the low end of the $90M-$110M range. FY23 consensus $4.59B and prior forecast was for FY23 revenue growth of 1%.

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