Luminex Corp. (LMNX) Tops Q2 EPS by 18c; Raises Outlook

Luminex Corp. (NASDAQ: LMNX) reported Q2 EPS of $0.33, $0.18 better than the analyst estimate of $0.15. Revenue for the quarter came in at $64.2 million versus the consensus estimate of $61.01 million.

"Another record quarterly revenue result, driven by a strong performance in our partner business, along with healthy gross margins and overall profitability, reflect the strength of our business and our ability to execute well," said Homi Shamir, President and Chief Executive Officer of Luminex. "Clearly, we are excited about the addition of Nanosphere. The excellent strategic fit and high growth potential will reward customers and shareholders alike. Luminex's combined salesforce is now positioned to expand and enhance our market leadership by providing customers with a complete combination of low and high plex solutions plus a sample to answer capability. In summary, we have made excellent progress so far this year and believe we are well positioned to achieve our goals of accelerating revenue, profitability and cash flow over the next few years."

GUIDANCE:

Luminex Corp. sees FY2016 revenue of $261-269 million, versus the consensus of $254.83 million.

For earnings history and earnings-related data on Luminex Corp. (LMNX) click here.

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