Tuesday, April 22, 2014

Illumina (ILMN) Reports 1Q'14 Results

Illumina (ILMN) reported 1Q'14 results after the market closed today (02014.04.22). I thought the company had a solid quarter.
Our first quarter results have set the stage for a strong 2014. We are experiencing an exciting uptake of our new products, including the NextSeq™ 500 and HiSeq X™ Ten, while demand for the overall product portfolio remains robust. We continue to innovate across the entire spectrum of the sequencing workflow to more broadly enable the adoption of genomics." -- Jay Flatley, CEO.

I particularly like the phrase entire spectrum when it comes to genomics.

Illumina's 1Q'14 press release ended with: "For fiscal 2014 the Company has increased projections [...]".

ILMN closed today (02014.04.22) at $141.21. 52-week range: $59.99 - $183.30. ILMN is up 10+% in after hours trading.

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