RTTNews | Apr 27, 2021 05:25PM EDT

17:24 Tuesday, April 27, 2021 (RTTNews.com) - Illumina Inc. (ILMN) revealed earnings for first quarter that dropped from last year.

The company's earnings came in at $147 million, or $1.00 per share. This compares with $173 million, or $1.17 per share, in last year's first quarter.

Excluding items, Illumina Inc. reported adjusted earnings of $278 million or $1.89 per share for the period.

Analysts had expected the company to earn $1.38 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 26.7% to $1.09 billion from $0.86 billion last year.

Illumina Inc. earnings at a glance:

-Earnings (Q1): $278 Mln. vs. $243 Mln. last year.-EPS (Q1): $1.89 vs. $1.64 last year.-Analysts Estimate: $1.38-Revenue (Q1): $1.09 Bln vs. $0.86 Bln last year.

-Guidance:Full year EPS guidance: $5.80 to $6.05

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