Piper Jaffray Raises Price Target on Luminex Corp. (LMNX) Following Strong 1Q Results
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Luminex Corporation Reports First Quarter 2016 Results
May 2, 2016 4:05 PM EDTAUSTIN, Texas, May 2, 2016 /PRNewswire/ --Â Luminex Corporation (NASDAQ: LMNX) today announced financial results for the first quarter ended March 31, 2016. Â 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