Illumina reports Q1 adjusted EPS 97c, consensus 94c

Reports Q1 revenue $1.04B, consensus $1.04B. “I’m proud that the Illumina (ILMN) team delivered strong Q1 revenue and EPS, a good start to the year in an increasingly dynamic business environment,” said Jacob Thaysen, Chief Executive Officer. “Our outlook for the year has weakened due to shifting policy and geopolitical developments and we have taken swift incremental actions to protect our earnings. Our strategic focus remains on customer collaboration, driving differentiated innovations, and delivering on our long-term financial targets of growth and profitability.”