Citigroup Lowers Estimates for Life Tech, Raises Them for Illumina | GenomeWeb

By a GenomeWeb staff reporter

NEW YORK (GenomeWeb News) – Citigroup yesterday revised its estimates for Life Technologies and Illumina, lowering fourth-quarter 2011 earnings per share estimates for Life Tech while raising EPS for Illumina.

Analyst Amit Bhalla lowered his EPS estimate for Life Tech for the fourth quarter to $1.03 from $1.06, while also reducing his revenue estimate for full-year 2011 to $3.72 billion from an earlier estimate of $3.74 billion. EPS for the full year was lowered to $3.70 from $3.73.

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