San Diego, CA -- (SBWire) -- 04/26/2016 --An investigation for investors of Illumina, Inc was announced over potential securities laws violations by Illumina and certain of its directors and officers.
Investors who purchased shares of Illumina, Inc. (NASDAQ:ILMN), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Illumina, Inc. (NASDAQ:ILMN) concerning whether a series of statements by Illumina regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Illumina, Inc. reported that its Total Revenue rose from over $1.42 billion for the 52 weeks period that ended on December 29, 2013 to over $2.21 billion for the 12 months period that ended on January 3, 2016 and that its Net Income for those respective time periods increased from $125.31 million to $461.56 million. On April 18, 2016, Illumina, Inc. reported preliminary first-quarter revenue. Illumina, Inc. said it expects revenues of$572 million, well below the $596 million originally forecast, citing weak device sales. Illumina, Inc. also stated that it sees 2016 revenue growth of 12 percent; it's slowest in four years.
Shares of Illumina, Inc. (NASDAQ:ILMN) declined on April 19, 2016, to as low as $132.51 per share.
On April 22, 2016, NASDAQ:ILMN shares closed at $143.59 per share.
Those who purchased shares of Illumina, Inc. (have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
Illumina, Inc. (NASDAQ:ILMN) Faces Investigation for Investors over Possible Violations of Securities Laws
An investigation for investors in NASDAQ:ILMN shares over potential securities laws violations by Illumina was announced and NASDAQ:ILMN stockholders should contact the Shareholders Foundation.