Illumina Raises Revenue Forecast as Gene Sequencing Business is Booming


Text size


‘s systems are the dominant products used to read the sequence of letters in the genomic code of our DNA, and the San Diego-based company says that demand for gene sequencing is hot.

At the annual healthcare conference hosted virtually by JPMorgan Chase yesterday, Illumina said sales grew 39% in 2021 and that analysts’ forecasts for 2022 revenue were too low.

Sales could grow 14% to 16% this year, to as much as $5.24 billion, said Illumina in a press release accompanying its Monday afternoon presentation. Earnings in 2022 could range between $4.00 and $4.20 a share.

The good news is lifting Illumina stock (ticker: ILMN) 10% in Tuesday morning trading, to $399. The

S&P 500

was up 0.2%, and the

Dow Jones Industrial Average

was down 0.1%.

“It’s always good to surprise people on the upside,” Chief Executive Francis deSouza told Barron’s.

By Illumina’s

Read More

Global Party Supplies Market and Shipping Supplies Market Outlook to 2026 | Industry Growth, Business Challenges, Investment Opportunities, Progression Status, Revenue Expectation, Latest Trend & Covid-19 Impact Analysis

Pune, Dec. 12, 2021 (GLOBE NEWSWIRE) — Global Party Supplies Market Size, Manufacturers, Supply Chain, Sales Channel and Clients, 2021-2026:

Global “Party Supplies Market” Research Report 2021-2026 is a historical overview and in-depth study on the current & future market of the Party Supplies industry. The report represents a basic overview of the Party Supplies market share, competitor segment with a basic introduction of key vendors, top regions, product types, and end industries. This report gives a historical overview of the Party Supplies market trends, growth, revenue, capacity, cost structure, and key driver’s analysis. The report further investigates and assesses the current landscape of the ever-evolving business sector and the present and future effects of COVID-19 on the Party Supplies market.

Request a sample copy of the report

In 2019, the global Party Supplies market size was USD 17080 million and it is expected to reach

Read More

Nvidia forecasts upbeat revenue on metaverse hopes

The logo of technology company Nvidia is seen at its headquarters in Santa Clara, California February 11, 2015. REUTERS/Robert Galbraith

Register now for FREE unlimited access to


Nov 17 (Reuters) – Nvidia Corp (NVDA.O) forecast fourth-quarter revenue above analysts’ expectations on Wednesday, betting on growth in its data center business as more internet companies set out to invest in artificial intelligence and the metaverse.

The online realm that uses augmented and virtual reality to help users interact has captured more attention after Facebook (FB.O), now renamed Meta, said it would boost capital expenditure and shift focus from its social media business.

The move will be a big boost for Nvidia, the world’s biggest maker of graphics and AI chips, as metaverse applications would need more computing power and drive demand for chips.

Register now for FREE unlimited access to


The company last month released Omniverse

Read More

Wipes Market Size, CAP, Revenue Forecast by 2027

Pune, India, Oct. 19, 2021 (GLOBE NEWSWIRE) — The global wipes market size is expected to reach USD 5.83 billion by 2027, exhibiting a CAGR of 6.0% during the forecast period. The growing concerns regarding hygiene and sanitization during the coronavirus pandemic will spur opportunities for the market during the forecast period. The market size stood at USD 3.66 billion in 2019.

Expanded Demand for Sanitary Products Amid Global Pandemic

The rising demand or facial tissues, sanitizer wipes & toilet papers during coronavirus will accelerate the growth of the market. Moreover, the growing apprehensions regarding bacterial infections will fuel demand for the market in the forthcoming years. The increasing cases of coronavirus around the world will simultaneously increase the production of wipes, which in turn, will aid the expansion of the market. According to the World Health Organisation’s research data, by the end of April 2020, the US alone consists

Read More