Illumina Earnings, Revenue beat in Q1 By Investing.com

Illumina reported on Tuesday first quarter earnings that beat analysts’ forecasts and revenue that topped expectations.

Illumina announced earnings per share of $1.89 on revenue of $1.09B. Analysts polled by Investing.com anticipated EPS of $1.39 on revenue of $996.36M.

Illumina shares are up 2% from the beginning of the year and are trading at $417.88 , down-from-52-week-high.They are under-performing the S&P 500 which is up 11.47% from the start of the year.

Illumina shares gained 1.05% in after-hours trade the report.

Illumina follows other major Technology sector earnings this month

Illumina’s report follows an earnings beat by Microsoft on Tuesday, who reported EPS of $1.95 on revenue of $41.71B, compared to forecasts EPS of $1.78 on revenue of $41.04B.

Alphabet C had beat expectations on Tuesday with first quarter EPS of $26.29 on revenue of $55.31B, compared to forecast for EPS of $15.71 on revenue of $51.36B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar