Illumina announced earnings per share of $1.89 on revenue of $1.09B. Analysts polled by Investing.com anticipated EPS of $1.39 on revenue of $996.36M.
Illumina shares are up 2% from the beginning of the year, still down 25.59% from its 52 week high of $555.77 set on February 12. They are under-performing the S&P 500 which is up 11.47% from the start of the year.
Illumina shares gained 1.05% in after-hours trade following the report.
Illumina’s report follows an earnings beat by Microsoft on Tuesday, who reported EPS of $1.95 on revenue of $41.71B, compared to forecasts EPS of $1.78 on revenue of $41.04B.
Alphabet C had beat expectations on Tuesday with first quarter EPS of $26.29 on revenue of $55.31B, compared to forecast for EPS of $15.71 on revenue of $51.36B.
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