SAN DIEGO (AP) _ Illumina Inc. (ILMN) on Thursday reported first-quarter earnings of $173 million.

The San Diego-based company said it had profit of $1.17 per share. Earnings, adjusted for non-recurring costs, were $1.64 per share.

The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.26 per share.

The genetic testing tools company posted revenue of $859 million in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $856.9 million.

Illumina shares have dropped roughly 4% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $319.03, a rise of 2% 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