Why did Illumina stock drop today? Weak 2023 outlook
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Illumina (NASDAQ:ILMN) closedÂ down 6%Â on Tuesday after its 2023 outlook came in below expectations.
The company projects 2023 revenue of $4.9Bâ5.03B this year compared to consensus of $5.05B. Non-GAAP EPS is estimated at $1.25-$1.50.
Seeking Alpha's Quant Rating views Illumina (ILMN) as a hold with strong marks for profitability and momentum.