China Lifts Export Ban on Illumina’s DNA Sequencers, Sparking Market Rally

A significant regulatory shift from China has injected fresh momentum into Illumina’s stock, as the country removes its export prohibition on the biotechnology firm’s DNA sequencing machines. While this development reopens a crucial market after months of restrictions, a major obstacle remains for the company. The central question for investors is whether this move can catalyze a sustained recovery for the shares.

Even before the China announcement, Illumina’s latest quarterly results provided a foundation for optimism. At the end of October, the company reported adjusted earnings of $1.34 per share, substantially exceeding analyst projections of $1.16. Revenue reached $1.08 billion, also surpassing market estimates.

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