Illumina reported adjusted quarter three earnings per share of $1.52, or $0.26 better than analysts’ expectation.
The company listed GAAP (generally accepted accounting principles) net income as $199 million – that is, $1.33 per share. This compares with $163 million, or $1.11 per share, in last year’s third quarter.
Revenue, according to the company, totaled $853 million, a 20 percent increase from the same period in 2017. Cash flow from operations was reported as $292 million, compared to $235 million in the third quarter last year.
“Illumina’s strong performance in the third quarter of 2018 reflected growth across our sequencing and arrays portfolios,” said in a statement Francis deSouza, president and CEO of Illumina.