Luminex Corp. (LMNX) Tops Q2 EPS by 19c, Offers Q3 and FY Guidance

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Go back to Luminex Corp. (LMNX) Tops Q2 EPS by 19c, Offers Q3 and FY Guidance

Luminex Corporation Reports Second Quarter 2020 Results

August 4, 2020 4:01 PM EDT

AUSTIN, Texas, Aug. 4, 2020 /PRNewswire/ -- Luminex Corporation (Nasdaq: LMNX) today announced results for its second quarter ended June 30, 2020.

All amounts in this release are in conformity with U.S. generally accepted accounting principles ("GAAP").

CURRENT FINANCIAL HIGHLIGHTS

Total revenue for the second quarter of $109.5M, a 32% increase over Q2 2019, driven primarily by COVID related tailwinds associated with the current pandemic Strong profitability in Q2 with 64% gross margins, an improvement of 10 basis points over Q2 2019 Operating margin of $18.8M or 17% of... More