Illumina sees mixed results for Q4, fiscal year

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Illumina increased its revenue for its fourth quarter (end-January 3), but revenues declined for the full year. The company's net income also increased for the most recent quarter but fell for the full year

For the fourth quarter, Illumina posted revenue of $953 million, up 5% compared with revenue of $952.5 million in the same period the year before. The company's net income for the most recent period was $257 million, compared with income of $239 million in the fourth quarter of fiscal 2019.

For the full fiscal year, Illumina posted revenue of $3.239 billion, which is a 9% drop from 2019 when its revenue was $3.543 billion. The firm's consolidated net income for the full fiscal 2020 was $656 million, compared with $990 million for the year before.

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