Tuesday, April 23, 2013

Illumina (ILMN) Reports 1Q'13 Results

Illumina (ILMN) reported 1Q'13 results after the market closed yesterday and today (02013.04.23) ILMN is up almost 8% in pre-market trading. Some observations I made from the 1Q'13 press release: (a) "Cash flow from operations of $88 million and free cash flow of $66 million for the quarter." (b) "Research and development (R&D) expenses for the first quarter of 2013 were $61.5 million compared to $48.8 million in the first quarter of 2012." (c) "Repurchased $25 million of common stock under our previously announced share repurchase program."

ILMN closed yesterday (02013.04.22) at $55.12. 52-week range: $37.77 - $58.65. ILMN's SIR (Short Interest Ratio) was 27.1 on 02013.03.28.

[02013.04.23] After I posted this posting, I reviewed out ILMN investment and prior to the market opening placed an order to sell some ILMN at 19 $Pi ($59.69). The sell order got executed, but the sale price was $60.00. ILMN spiked to $62.77 at the open and that's six cents shy of 20 $Pi ($62.83).

[02013.04.23] Hmm... With respect to ILMN, Finance.Yahoo.com says: "% of Shares Held by Institutional & Mutual Fund Owners: 116%". Hmm...

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