Illumina reports Q3 core adjusted EPS $1.14, consensus 88c

Reports Q3 core revenue $1.1B, consensus $1.08B. “During the third quarter, the Illumina (ILMN) team delivered strong operating results, and revenue met our expectations,” said Jacob Thaysen, Chief Executive Officer. “We are making good strides towards Illumina’s strategic goals, both in launching breakthrough innovation and in helping our customers accelerate their adoption of the NovaSeq X.” “The near-term macroeconomic environment remains constrained, and we are slightly lowering our 2024 revenue guidance,” Thaysen continued. “The underlying demand for Illumina’s products and applications remains strong and we are demonstrating significant progress in driving margin and earnings expansion.”