Illumina Tanks Biotech Equipment Stocks: ILMN, TMO, WAT, A, IBB

Shares of biotechnology companies (NASDAQ:IBB) and their OEMs have been falling today following the decision by Illumina Inc (NASDAQ:ILMN) to discontinue further earnings guidance.

Illumina is down over 30% and other related companies such as Thermo Fisher (NYSE:TMO), Waters Corp (NYSE:WAT), and Agilent Technologies (NYSE:A) fell from 5-6%.

Illumina Chief Executive Jay Flatley, has warned of “unprecedented slowdown in purchasing due to uncertainties in research funding and overall economic conditions.”

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Following is some stock price performance information of these companies:

  • Illumina (NASDAQ:ILMN): The shares recently traded at $27.82, down 30.33%, on the day.  The shares have traded in a 52-week range of $25.71 to $79.40 and its market capitalization is $3.46 billion.  About the company: Illumina, Inc. develops, manufactures and markets integrated systems for the large scale analysis of genetic variation and biological function. The Company provides a comprehensive line of products and services that currently serve the sequencing, genotyping and gene expression markets for genomic research centers, pharmaceutical companies, academic institutions and biotechnology companies.

(Note: Selected financial data are sourced from Google Finance. All data are assumed to be accurate.)

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