Illumina Q1 Profit Tops Estimates - Quick Facts

(RTTNews) - Illumina Inc. (ILMN) reported first-quarter net income of $136.7 million or $0.92 per share, compared to $60.0 million or $0.40 per share, prior year. Adjusted earnings per share was $0.91, for the quarter.

On average, 24 analysts polled by Thomson Reuters expected the company to report profit per share of $0.72 for the quarter. Analysts' estimates typically exclude special items.

Revenue increased to $538.57 million from $420.78 million last year. Analysts expected revenue of $524.45 million for the quarter.

For fiscal 2015, the company continues to project approximately 20% total revenue growth, which now includes a 3% negative impact from foreign exchange assuming current currency exchange rates. The company has increased its projections for non-GAAP earnings per share to $3.36 to $3.42. Analysts expect the company to report 2015 earnings per share of $3.20.