Illumina Addresses Recent Developments In China
ReutersMar 10, 2025 9:45 PM
March 10 (Reuters) - Illumina Inc ILMN.O:
ILLUMINA ADDRESSES RECENT DEVELOPMENTS IN CHINA
ANNOUNCES FISCAL YEAR 2025 NON-GAAP DILUTED EPS OF APPROXIMATELY $4.50
: REMAIN FOCUSED ON ACHIEVING HIGH-SINGLE-DIGIT REVENUE GROWTH BY 2027
COMPANY IS INSTITUTING AN INCREMENTAL APPROXIMATELY $100 MILLION COST REDUCTION PROGRAM FOR FISCAL 2025
COST REDUCTION PROGRAM INCLUDES OPTIMIZING STOCK-BASED COMPENSATION AND NON-LABOR SPENDING
: NEW FISCAL 2025 GUIDANCE PROVIDES FOR LIMITED FURTHER EARNINGS CONTRIBUTION FROM CHINA
FY2025 EARNINGS PER SHARE VIEW $4.52 -- LSEG IBES DATA
Further company coverage: ILMN.O
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