Illumina Inc. (ILMN) reported first quarter adjusted EPS of $0.46 after the close Monday, up from $0.36 a year ago. The consensus estimate was for EPS of $0.39.
Illumina gapped open sharply higher Tuesday and climbed during the first hour of trade, before settling into a range. The stock finished with a gain of 7.32 at $62.44, with volume at over a 3-month high. Illumina broke out past resistance and set a new high for the year.
For comments and feedback: editorial@rttnews.com