SAN DIEGO (AP) _ Illumina Inc. (ILMN) on Thursday reported second-quarter profit of $47 million.

The San Diego-based company said it had net income of 32 cents per share. Earnings, adjusted for non-recurring costs, were 62 cents per share.

The results missed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 72 cents per share.

The genetic testing tools company posted revenue of $633 million in the period, also falling short of Street forecasts. Five analysts surveyed by Zacks expected $678.9 million.

Illumina shares have increased 20% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $399.56, an increase of 37% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ILMN at https://www.zacks.com/ap/ILMN

Automated Insights, source Associated Press News