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Why Illumina Stock Is Tanking Today
What happened
Shares of Illumina (NASDAQ: ILMN) were tanking today, down 16% as of 10:27 a.m. EDT, after the genomic sequencing leader announced preliminary results for its second quarter on Thursday evening. Illumina said that it expects to report Q2 revenue of $835 million -- $50 million lower than what Wall Street analysts anticipated.
The company also updated its full-year 2019 guidance. Illumina now projects revenue growth of around 6%, less than half its previous forecast of full-year revenue growth between 13% and 14%.
...
https://finance.yahoo.com/news/why-illum...50465.html
![[Bild: ILMNc1dl1343.png]](https://finviz.com/publish/071219/ILMNc1dl1343.png)
What happened
Shares of Illumina (NASDAQ: ILMN) were tanking today, down 16% as of 10:27 a.m. EDT, after the genomic sequencing leader announced preliminary results for its second quarter on Thursday evening. Illumina said that it expects to report Q2 revenue of $835 million -- $50 million lower than what Wall Street analysts anticipated.
The company also updated its full-year 2019 guidance. Illumina now projects revenue growth of around 6%, less than half its previous forecast of full-year revenue growth between 13% and 14%.
...
https://finance.yahoo.com/news/why-illum...50465.html
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