Luminex: 4Q Earnings Snapshot
AUSTIN, Texas (AP) _ Luminex Corp. (LMNX) on Monday reported a loss of $2.3 million in its fourth quarter.
The Austin, Texas-based company said it had a loss of 5 cents per share. Earnings, adjusted for costs related to mergers and acquisitions and pretax expenses, were 4 cents per share.
The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 12 cents per share.
The manufacturer of testing systems for biotechnology companies posted revenue of $81.1 million in the period, exceeding Street forecasts. Five analysts surveyed by Zacks expected $79.1 million.
For the year, the company reported profit of $18.2 million, or 41 cents per share. Revenue was reported as $315.8 million.
Luminex expects full-year revenue in the range of $337 million to $343 million.
Luminex shares have increased 22 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $28.15, a climb of 40 percent in the last 12 months.