SAN DIEGO (AP) _ Illumina Inc. (ILMN) on Thursday reported third-quarter earnings of $179 million.
The San Diego-based company said it had profit of $1.21 per share. Earnings, adjusted for non-recurring gains, came to $1.02 per share.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 77 cents per share.
The genetic testing tools company posted revenue of $794 million in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $720.8 million.
Illumina shares have dropped 5% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $314.90, a climb of slightly more than 4% in the last 12 months.
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