Illumina Posts Q1 Profit - Quick Facts

(RTTNews) - Illumina Inc. (ILMN) Tuesday reported first-quarter profit of $60 million or $0.40 per share, compared to a loss of $23 million or $0.18 per share in the same period last year.

Adjusted earnings for the quarter were $80 million or $0.53 per share. On average, 20 analysts polled by Thomson Reuters expected the company to earn $0.44 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues increased 27 percent to $421 million from $331 million last year. Analysts expected revenues of $391.76 million.

Looking ahead to the fiscal 2014, the company has raised its adjusted earnings outlook to a range of $2.10 to $2.15 per share from its previous guidance range of $2.00 to $2.06 per share. Analysts currently expect full-year earnings of $2.05 per share.