Illumina Reports Q4 EPS of $.29 vs. $.29

Illumina, Inc. ILMN today announced its financial results for the fourth quarter and fiscal year of 2010. Revenue of $261.3 million, a 45% increase over the $180.6 million reported in the fourth quarter of 2009. GAAP net income of $38.4 million, or $0.25 per diluted share, compared to net income of $11.7 million, or $0.09 per diluted share, for the fourth quarter of 2009. Non-GAAP net income of $40.9 million, or $0.29 per diluted share, compared to $27.0 million, or $0.21 per diluted share, for the fourth quarter of 2009.