STAT+: Illumina, the DNA sequencing giant, gives Wall Street bad news

Illumina, the largest maker of DNA sequencing technology, told investors exactly what they didn’t want to hear on Monday.

For years, Illumina shares rose steadily as the company led the way on pushing down the costs involved in doing genetic research. Its new machines were must-haves for genetic researchers, who bought the new devices as quickly as Apple enthusiasts snapping up new iPhones.

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