illumina had a great earnings release yesterday and seemed to kill the estimates:
results: https://finance.yahoo.com/news/illumina-reports-financial-re…
Second quarter 2018 results:
Revenue of $830 million, a 25% increase compared to $662 million in the second quarter of 2017
GAAP net income attributable to Illumina stockholders for the quarter of $209 million, or $1.41 per diluted share, compared to $128 million, or $0.87 per diluted share, for the second quarter of 2017
Non-GAAP net income attributable to Illumina stockholders for the quarter of $212 million, or $1.43 per diluted share, compared to $121 million, or $0.82 per diluted share, for the second quarter of 2017 (see the table entitled “Itemized Reconciliation Between GAAP and Non-GAAP Net Income Attributable to Illumina Stockholders” for a reconciliation of these GAAP and non-GAAP financial measures)
Cash flow from operations of $295 million compared to $178 million in the second quarter of 2017
Free cash flow (cash flow from operations less capital expenditures) of $218 million for the quarter, compared to $109 million in the second quarter of 2017
Gross margin in the second quarter of 2018 was 69.3% compared to 65.5% in the prior year period. Excluding amortization of acquired intangible assets, non-GAAP gross margin was 70.3% for the second quarter of 2018 compared to 67.0% in the prior year period.
Earning call transcripts:
https://finance.yahoo.com/news/edited-transcript-ilmn-earnin…