AUSTIN, Texas (AP) — Luminex Corp. (LMNX) on Monday reported fourth-quarter net income of $239,000.
On a per-share basis, the Austin, Texas-based company said it had profit of 1 cent.
The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 14 cents per share.
The manufacturer of testing systems for biotechnology companies posted revenue of $111.4 million in the period.
For the year, the company reported net income of $15.2 million, or 32 cents per share, swinging to a profit in the period. Revenue was reported as $417.4 million.
Luminex expects full-year revenue of $480 million.
Luminex shares have risen 30% since the beginning of the year. In the final minutes of trading on Monday, shares hit $30.07, a rise of 24% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LMNX at https://www.zacks.com/ap/LMNX
