Illumina lowers outlook due to China sales ban, to cut $100 million in costs, WSJ reports

Reuters

2025/03/11

<a href="https://laohu8.com/S/ILMN">Illumina</a> lowers outlook due to China sales ban, to cut $100 million in costs, WSJ reports

March 10 (Reuters) - Illumina ILMN.O is reducing its annual forecast and cutting $100 million in spending because China barred sales of the company's gene-sequencing machines, the Wall Street Journal reported on Monday, citing the company's Chief Financial Officer Ankur Dhingra.

(Reporting by Sneha S K; Editing by Alan Barona)

((Sneha.SK@thomsonreuters.com))

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