An investigation for investors in NASDAQ:ILMN shares over potential securities laws violations by Illumina in connection certain financial statements was announced.
Investors who purchased shares of Illumina, Inc. (NASDAQ:ILMN), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(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.
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 May 3, 2016, NASDAQ:ILMN shares closed at $133.65 per share.
Those who purchased NASDAQ:ILMN shares 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