Illumina Q4 Profit Surges

(RTTNews) - Illumina Inc. (ILMN) Tuesday reported fourth-quarter net income of $153.3 million or $1.03 per share, up from $80.7 million or $0.56 per share last year.

Adjusted earnings for the quarter rose to $0.87 per share from $0.45 per share last year.

Revenues for the quarter rose to $512.4 million from $387.3 million last year.

Analysts polled by Thomson Reuters expected the company to earn $0.78 per share on revenue of $507.65 million for the quarter. Analysts' estimates typically exclude special items.

Looking forward to the fiscal year 2015, the company is projecting about 20 percent revenue growth and adjusted earnings of $3.12 to $3.18 per share. Analysts currently estimate earnings of $3.20 per share on revenue growth of 22 percent.