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LMNX - Luminex News Story

$36.66 0.0  0.0%

Last Trade - 14/05/21

Sector
Healthcare
Size
Mid Cap
Market Cap £1.23bn
Enterprise Value £1.22bn
Revenue £310.5m
Position in Universe 2345th / 6846

BUZZ-Luminex Corp: Drops on profit miss, dim topline outlook

Tue 5th February, 2019 4:27pm
** Luminex's shares  LMNX.O  slump 13.7 pct to $24.27 after
Q4 profit misses expectations and 2019 revenue forecast is below
estimates     
    ** Q4 adj EPS $0.04 vs analysts' expectations of $0.09 
    ** Forecasts FY19 revenue between $337-$343 mln, the
mid-point of which is also below estimates
    ** In Q4, company closed the acquisition of EMD Millipore
Corp's flow cytometry portfolio, which it bought for $69.9 mln
in cash
    ** More than 626k shares traded, ~3 times their 25-day
moving avg
    ** Up to Monday's close, stock had risen ~6 pct 

 (Reporting by Yadarisa Shabong in Bengaluru)
 ((yadarisa.shabong.thomsonreuters.com@reuters.net))
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