Illumina Posts Strong 3Q on Early Phase of NovaSeq Launch
We plan to slightly raise our near-term revenue forecast for Illumina following the firm’s third-quarter growth of 18%, led largely by the launch progression of the NovaSeq product line, which should enable the company to slightly surpass our year-end expectations. Increased manufacturing capacity of the NovaSeq line, the recent launch of the higher-throughput S4 flow cell, and a ramp-up in customer consumables utilization should drive high growth through 2018, and we plan to raise our year-end ...Illumina is engaged in sequencing- and array-based solutions for genetic and genomic analysis. The company provides whole-genome sequencing, genotyping, noninvasive prenatal testing (NIPT), and product support services. Using the company's services, customers can perform whole-genome sequencing projects and microarray projects (including large-scale genotyping studies and whole-genome association studies). The company provides NIPT services through its partner laboratories that direct samples to the company on a test send-out basis in its Clinical Laboratory Improvements Amendments-certified, College of Pathologists-accredited laboratory. The company also provides support services to customers who have purchased its products.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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