Piper Jaffray Raises Price Target on Luminex Corp. (LMNX) Following Strong 1Q Results

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Go back to Piper Jaffray Raises Price Target on Luminex Corp. (LMNX) Following Strong 1Q Results

Luminex Corporation Reports First Quarter 2016 Results

May 2, 2016 4:05 PM EDT

AUSTIN, Texas, May 2, 2016 /PRNewswire/ -- Luminex Corporation (NASDAQ: LMNX) today announced financial results for the first quarter ended March 31, 2016.  Financial and operating highlights for the first quarter 2016 include the following:

Consolidated first quarter revenue of $63.0 million, a 9 percent increase compared to the first quarter of 2015, including record assay and royalty revenues; and system revenue that grew 39 percent over the first quarter of 2015. Consolidated gross profit margin was 71% for the first quarter. Expanded first quarter 2016 operating margins to 19% from 17% in the first quarter 2015, as... More