Shares Down for Illumina After San Diego Firm Again Cuts Back Profit Forecast ...Middle East

Times of San Diego - News
Shares Down for Illumina After San Diego Firm Again Cuts Back Profit Forecast
A sign on Illumina’s campus in San Diego. Reuters/Mike Blake Illumina on Thursday trimmed its annual profit forecast for the second straight quarter, hurt by weakness in demand for its sequencing instruments, consumables and services. Shares of the San Diego-based company fell about 9% to $97.51 in extended trading, after it also missed Wall Street estimates for third-quarter sales. The life sciences firm in the last quarter had flagged weakness in demand for its genetic testing tools and diagnostics products due to a protracted recovery in China, cautious consumer spending and lengthened sales cycles. Sales at its core business, which advances sequencing instruments and service

Hence then, the article about shares down for illumina after san diego firm again cuts back profit forecast was published today ( ) and is available on Times of San Diego ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Shares Down for Illumina After San Diego Firm Again Cuts Back Profit Forecast )

Apple Storegoogle play

Last updated :

Also on site :