Illumina under the spotlight as Q1 earnings approach
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Illumina (NASDAQ:ILMN) will likely be the focus of more attention than usual for its Q1 2023 financial results which will be released after Tuesday's closing bell.
Besides its continuing proxy battle with activist investor Carl Icahn, it is also dealing with an FTC order to divest GRAIL, which is only acquired in 2021.

In Illumina's (ILMN) Q4 2022 earnings, it missed on the bottom line by $0.05.
For Q1 2023, the consensus EPS estimate is $0.03 (-97% YoY) and revenue estimate is $1.06B (-13% YoY).
Over the last two years of earnings results, Illumina has had four EPS beats and eight revenue beats.
For full-year 2023, the consensus EPS is $1.40 and revenue is $4.95B.

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