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Illumina Stock Dips Late Despite Second-Quarter Beat And Raise

Illumina stock dipped late Thursday after the genetic testing company reported adjusted profit of $1.87 per share on $1.13 billion in second-quarter sales.




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On average, analysts polled by FactSet expected Illumina (ILMN) earnings of $1.36 per share and $1.01 billion in sales.

In the year-earlier period, Illumina earned 62 cents a share on $633 million in sales.

For the year, Illumina predicts adjusted profit of $6.30-$6.50 a share and 32%-34% sales growth. Analysts had projected earnings of $6 per share and $4.16 billion in sales.

In after-hours trading on the stock market today, Illumina stock dipped a fraction near 515. During the regular session, shares ticked up into a buy zone above a buy point at 488.10 out of a cup-with-handle base on the weekly chart, according to MarketSmith.com.

More to follow.

Follow Allison Gatlin on Twitter at @IBD_AGatlin.

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