Illumina (ILMN) Misses Q2 EPS by 7c, Cuts FY Guidance
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Illumina Reports Financial Results for Second Quarter of Fiscal Year 2022
August 11, 2022 4:05 PM EDTRevenue of $1.16 billion for Q2 2022, up 3% from Q2 2021, and up 5% on a constant currency basisGAAP diluted loss per share of $(3.40) for Q2 2022, compared to GAAP diluted earnings per share of $1.26 for Q2 2021; GAAP diluted loss per share for Q2 2022 includes $609 million in legal contingenciesNon-GAAP diluted earnings per share of $0.57 for Q2 2022, compared to non-GAAP diluted earnings per share of $1.87 for Q2 2021Expect full year revenue for fiscal year 2022 to grow 4% to 5% from fiscal year 2021, primarily reflecting the ongoing negative impact of foreign exchange rates, customer lab expansion delays, and macroeconomic-driven conservatism... More
