April 19, 2016 (Shareholders Foundation) - An investigation on behalf of investors of Illumina, Inc. (NASDAQ:ILMN) shares over potential securities laws violations by Illumina and certain of its directors and officers in connection certain financial statements was announced.

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.

Illumina, Inc. reported that its Total Revenue rose from over $1.42 billion for the 52 weeks period that ended on December 29, 2013 to over $2.21 billion for the 12 months period that ended on January 3, 2016 and that its Net Income for those respective time periods increased from $125.31 million to $461.56 million.

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.