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China puts PVH Corp, Illumina
San Diego’s Illumina placed on China’s ‘unreliable entity list’ following Trump tariffs
San Diego-based gene-sequencing giant Illumina got tangled in the United States’ trade tensions Tuesday as China placed the company on its “unreliable entity list.” China also placed PVH, an American clothing company that owns brands such as Tommy Hilfiger and Calvin Klein,
Illumina, PVH shares drop as China threatens companies with sanctions
Shares of genetic testing company Illumina and Calvin Klein-owner PVH Corp fell on Tuesday after China placed the two companies on its "unreliable entity" list, putting them at risk of sanctions.
Illumina placed on China’s unreliable entity list
Analysts said the move comes amid rising trade tensions with the U.S. and as Illumina faces stiff competition in China’s genome sequencing market.
Illumina Q4 2024 beats EPS, stock falls
Why Illumina Stock Is Sinking Today
Illumina's revenue has stagnated or declined for several years now, and its total sales for 2024 were $4.3 billion, down from 2023's $4.5 billion. However, its bottom line was positive for the second quarter in a row in Q4, and its earnings of $0.95 per share beat expectations of $0.91 per share.
Why Illumina (ILMN) Stock Is Falling Today
What Happened? Shares of genomics company Illumina (NASDAQ:ILMN) fell 8.6% in the morning session after the company reported fourth-quarter results and provided full-year revenue guidance, which fell below Wall Street's expectations.
Earnings call transcript: Illumina Q4 2024 beats EPS, stock falls
Illumina Inc (NASDAQ:ILMN). reported stronger-than-expected earnings for the fourth quarter of 2024, with both earnings per share (EPS) and revenue surpassing analysts' forecasts. Despite the positive earnings surprise,
6h
Concerns Over China, Trump Funding Cuts Knock Illumina Stock
Illumina shares tumbled 8% Friday on investor concerns about the future of the gene-sequencing equipment maker’s business in ...
FierceBiotech
9h
Illumina posts mixed earnings report while dealing with China tariff fallout
After China placed Illumina on a government watchlist this week, in response to new tariffs imposed by the Trump ...
Hosted on MSN
2d
San Diego-based Illumina caught in U.S.-China trade war
Illumina, the San Diego-based gene sequencing giant, is taking a hit this week after China placed the company on its ...
11h
TD downgrades Illumina on ‘disappointing’ outlook, China risk
TD Cowen downgraded Illumina (ILMN) to Hold from Buy with a price target of $140, down from $177. Accelerating high throughput next-generation ...
FierceBiotech
3d
Illumina caught in tariff crossfire as China retaliates
The U.S. tariffs on China include a broad 10% levy on imported goods. China’s response was more targeted, with 15% tariffs on ...
2d
on MSN
What are the risks of a U.S.-China trade war, and can conflict be averted?
The world's two biggest economies are on the brink of an economically destructive trade war. Here's what experts think could ...
3d
Illumina (NASDAQ:ILMN) and PVH among First Casualties in China’s Trade War Strike
Tommy Hilfiger and Calvin Klein owner PVH (PVH) and biotechnology company Illumina (ILMN) were among the first casualties on ...
1d
Illumina forecasts 2025 revenue largely below estimates
Gene sequencing machine maker Illumina forecast 2025 revenue largely below Wall Street estimates on Thursday, signaling ...
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