Illumina (ILMN) Reports 2Q'14 Results

Illumina (ILMN) reported 2Q'14 results after the market closed yesterday. The 2nd-quarter results prompted Illumina to "raise" Fiscal Year 2014 guidance. Nutshell: Illumina's 2Q'02014 free cash flow was $155 million. R&D expenses were $83 million. Illumina has ~$1.1 billion in the bank.

"We are witnessing tremendous interest in our products, which led to record financial results in the second quarter. With the most extensive sequencing portfolio available, we remain extremely well-positioned to develop and address the large and untapped market opportunities ahead of us." -- Jay Flatley, CEO.

FB closed yesterday (02014.07.23) at $180.64. 52-week range: $72.77 - $184.49. Note: The current 52-week high, which was hit on 2 July 02014, is also ILMN's all-time high.