Illumina Set New High for Year Wednesday

(RTTNews) - Illumina Inc. (ILMN | Quote | Chart | News | PowerRating) reported second quarter EPS of $0.44 after the close Tuesday, which topped the consensus estimate of $0.28. The company expects to report third quarter EPS of $0.42 to $0.45 and full year EPS of $1.65 to $1.75. The consensus estimates are for EPS of $0.31 and $1.21 respectively. The company also announced that its Board approved a two-for-one stock split, to be effected in the form of a stock dividend.

Illumina gapped up sharply Wednesday and advanced further around midday, to finish higher by $7.85 at $91.95 on strong volume. The stock rose above a one-month range to set a new high for the year.

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