ILMN crushes eearnings - up 18% in after hours
ILMN closed up 2% and up another 18% in after hours.
They released earnings that were 2x the expected
1. Expectations of $0.16 were beaten: they came in at $0.32 and raised next quarter from $0.17 to $0.41
2. Grew from a loss last year to a major profit
3. Major big pharmas are using their products (Glaxo)
4. Sequential growth as well as annual growth
The key here is the widening sales base as well as the acceptance by big drug companies.
We have a nice return on this one: 33% in ~2 months
They released earnings that were 2x the expected
1. Expectations of $0.16 were beaten: they came in at $0.32 and raised next quarter from $0.17 to $0.41
2. Grew from a loss last year to a major profit
3. Major big pharmas are using their products (Glaxo)
4. Sequential growth as well as annual growth
The key here is the widening sales base as well as the acceptance by big drug companies.
We have a nice return on this one: 33% in ~2 months
posted by Andrew at
5:11 PM
2 Comments:
Will LR raise the stop based on the recent move?
Will LR raise the stop on ILMN based on its recent move?
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