Luminex Corp. (LMNX) Posts Quarterly Earnings Results, Misses Expectations By $0.09 EPS
Luminex Corp. (NASDAQ:LMNX) announced its earnings results on Monday. The company reported $0.02 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.11 by $0.09, AnalystRatings.Net reports. The company had revenue of $50.80 million for the quarter, compared to the consensus estimate of $54.67 million. During the same quarter in the prior year, the company posted $0.04 earnings per share. The company’s quarterly revenue was up 1.6% on a year-over-year basis.
Shares of Luminex Corp. (NASDAQ:LMNX) traded up 0.83% during mid-day trading on Monday, hitting $19.38. 222,841 shares of the company’s stock traded hands. Luminex Corp. has a 52-week low of $15.39 and a 52-week high of $24.10. The stock’s 50-day moving average is $19.50 and its 200-day moving average is $19.89. The company has a market cap of $802.2 million and a price-to-earnings ratio of 110.46.
On a related note, analysts at TheStreet downgraded shares of Luminex Corp. from a “buy” rating to a “hold” rating in a research note to investors on Wednesday, August 21st. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company. Luminex Corp. has a consensus rating of “Hold” and an average target price of $21.00.
Luminex Corporation (NASDAQ:LMNX)develops, manufactures and sells biological testing technologies and products with applications throughout the life sciences and diagnostics industries.
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