Illumina shares tumble 12% despite earnings beat on China woes
Published . Updated .
Investing.com -- Illumina Inc (NASDAQ:ILMN) reported third-quarter results that exceeded analyst expectations, but shares tumbled 12% in after-hours trading Thursday as investors focused on the company's China revenue challenges.
Directly affected
- ILMN Illumina+38.7% 30d
Named in this report.
Indirectly affected
- FXI iShares China Large-Cap ETF-5.0% 30d
iShares China Large-Cap ETF holds stocks listed in China, which this story is about (“china”).
- BABA Alibaba Group Holding-7.6% 19d
Alibaba Group Holding (business services) is one of the largest China-based companies traded in the US, so news about China (“china”) reaches its shares.
- NTES NetEase
NetEase (prepackaged software) is one of the largest China-based companies traded in the US, so news about China (“china”) reaches its shares.
- JD JD.com-0.7% 8d
JD.com (retail stores) is one of the largest China-based companies traded in the US, so news about China (“china”) reaches its shares.
- BIDU Baidu-11.5% 30d
Baidu (computer programming, data processing, etc.) is one of the largest China-based companies traded in the US, so news about China (“china”) reaches its shares.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| ILMN | -7.04% | -3.54% | base | after close | after close | after close | after close |
| FXINo price data for this ticker | — | — | — | — | — | — | — |
| BABANo price data for this ticker | — | — | — | — | — | — | — |
| NTESNo price data for this ticker | — | — | — | — | — | — | — |
| JDNo price data for this ticker | — | — | — | — | — | — | — |
| BIDUNo price data for this ticker | — | — | — | — | — | — | — |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
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Illumina shares tumble 12% despite earnings beat on China woes Yahoo Finance Singapore
Source: Yahoo Finance
This story
| Company | When | Move | Status |
|---|---|---|---|
| ILMN | three days earlier | -3.54% | final price |
| ILMN | five days earlier | -7.04% | final price |
This story
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
This story
12 out of 100
“Illumina shares tumble 12% despite earnings beat on China woes” scores 12 out of 100. The score uses 1 sources.