Monday, February 4, 2008

Illuminia (ILMN) Keeps Performing

I was hoping for some sort of disappointing news out of Illumina (ILMN) so I could buy this stock at a discount - doesn't look like it based on the +7% move in after hours. Aside from hefty valuation I just cannot find much to knock about this company, who grew it's revenue 100% last year. Quite impressive stuff.
  • Illumina Inc., a developer and marketer of life-sciences tools, said Monday it expects to swing to a first-quarter and full-year profit. The company expects first-quarter profit between 33 cents and 36 cents per share on revenue between $110 million and $115 million.
  • Analysts polled by Thomson Financial expect first-quarter profit of 26 cents per share on revenue of $111.2 million.
  • For the full year, the company expects profit of $1.45 to $1.60 per share on revenue between $500 million and $525 million.

Analysts are in for 2008 at $1.23. Now that's a beat. Bravo.

Long Illumina in fund; no personal position

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