Illumina Inc. Q1 adjusted earnings Beat Estimates

(RTTNews) - Illumina Inc. (ILMN) revealed a profit for first quarter that fell from the same period last year.

The company's bottom line totaled $208 million, or $1.41 per share. This compares with $366 million, or $2.48 per share, in last year's first quarter.

Excluding items, Illumina Inc. reported adjusted earnings of $214 million or $1.45 per share for the period.

Analysts had expected the company to earn $1.02 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 30.8% to $782 million from $598 million last year.

Illumina Inc. earnings at a glance:

-Earnings (Q1): $214 Mln. vs. $94 Mln. last year. -EPS (Q1): $1.45 vs. $0.64 last year. -Analysts Estimate: $1.02 -Revenue (Q1): $782 Mln vs. $598 Mln last year.

-Guidance: Full year EPS guidance: $4.75 to $4.85