Luminex Corporation Reports Q4 EPS of $.06 vs. $.05

Luminex Corporation LMNX today announced financial results for the fourth quarter and year ended December 31, 2010. Recent financial and operating highlights include the following: Fourth quarter 2010 consolidated revenue was $41.2 million, an 8 percent increase over the fourth quarter of 2009; full year 2010 revenue was $141.6 million, a 17 percent increase over 2009. GAAP net income for the fourth quarter of 2010 was $3.2 million or, $0.07 per diluted share. GAAP net income for 2010 was $5.2 million or $0.12 per diluted share, compared with 2009 net income of $17.7 million or $0.43, per diluted share. For comparability purposes, adjusted net income for 2009, excluding the effect of the release of the valuation allowance and the settlement of litigation, was $2.4 million or $0.06 per diluted share.