Illumina earnings, Revenue miss in Q2

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Illumina earnings, Revenue miss in Q2
Credit: © Reuters.

Investing.com - Illumina reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.

Illumina announced earnings per share of $0.57 on revenue of $1.16B. Analysts polled by Investing.com anticipated EPS of $0.6389 on revenue of $1.22B.

Illumina shares are down 40.22% from the beginning of the year and are trading at $182.00 , down-from-52-week-high.They are under-performing the Nasdaq which is down 18.31% year to date.

Illumina shares lost 19.98% in after-hours trade the report.

Illumina follows other major Healthcare sector earnings this month

Illumina's report follows an earnings beat by UnitedHealth on Friday, July 15, 2022, who reported EPS of $5.57 on revenue of $80.33B, compared to forecasts EPS of $5.21 on revenue of $79.68B.

J&J had beat expectations on Tuesday, July 19, 2022 with second quarter EPS of $2.59 on revenue of $24.02B, compared to forecast for EPS of $2.54 on revenue of $23.77B.

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

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