SAN DIEGO (dpa-AFX) - Illumina, Inc. (ILMN) reported second-quarter net income of $47 million, or $0.31 per share, compared to $36 million, or $0.26 per share, for the second quarter of 2013. Non-GAAP net income for the quarter was $85 million, or $0.57 per share.
On average, 21 analysts polled by Thomson Reuters expected the company to report profit per share of $0.51 for the quarter. Analysts' estimates typically exclude special items.
Revenue increased to $448 million from $346 million in the second quarter of 2013. Analysts expected revenue of $426.98 million for the quarter.
The company has increased its full year 2014 guidance to 25% to 26% revenue growth, and non-GAAP earnings per share to $2.26 to $2.28. Analysts expect the company to report 2014 earnings per share of $2.17.
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