Illumina Third Quarter 2024 Earnings: EPS Beats Expectations

Illumina (NASDAQ:ILMN) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$1.08b (down 3.5% from 3Q 2023).
• Net income: US$705.0m (up from US$754.0m loss in 3Q 2023).
• Profit margin: 65% (up from net loss in 3Q 2023).
• EPS: US$4.43 (up from US$4.77 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Illumina EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates significantly.

Looking ahead, revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Life Sciences industry in the US.

Performance of the American Life Sciences industry.

The company's shares are up 6.1% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on Illumina's balance sheet.

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