Illumina Preliminary Q4 Beats on Revenues; 2014 Guidance Issued
Illumina has given its investors a late holiday present by releasing selected figures from its preliminary, unaudited Q4 results. For the quarter, company data shows that revenue came in at $387 million, which would top the average analyst estimate of $370 million.
The company also released guidance for its current fiscal 2014. It believes it will post a top line 15%-17% higher on a year-over-year basis, or roughly $1.54 billion to 1.57 billion against its anticipation of around $1.34 billion for fiscal 2013. Non-GAAP EPS for 2014 are anticipated at $2.00-$2.06 per diluted share. At the moment, the average analyst estimate for 2014 revenues is $1.6 billion, and for EPS it is $2.05.
On the back of consistently pleasing results, Illumina's shares have been on a steady rise over the past year, more than doubling to their present level of $121.51.
The article Illumina Preliminary Q4 Beats on Revenues; 2014 Guidance Issued originally appeared on Fool.com.
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