Illumina (ILMN) Beats on Q2 Earnings, Lowers 2024 Sales View

Illumina Inc. (ILMN) reported second-quarter 2024 adjusted earnings per share (EPS) of 36 cents, which beat the Zacks Consensus Estimate of 12 cents by a stupendous 200%. The bottom line was above the year-ago quarter’s figure of 32 cents.The adjustments exclude the impact of GRAIL’s pre-acquisition net operating losses on GILTI, the utilization of U.S. foreign tax credits and the Pillar Two global minimum top-up tax, which became effective from the first quarter of 2024, among others.Including one-time ite ...