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Luminex Stock Drops 8 Percent Despite Strong Q3 Revenues

NEW YORK, Oct. 25 (GenomeWeb News) - Shares in Luminex were down 8 percent, or $.88, at $10.06 in mid-afternoon trading even though the company today reported increased revenues for the third quarter.

 

As GenomeWeb News reported today, Luminex had a 28.7-percent increase in third-quarter revenues from last year's third quarter revenues. The company noted a significant narrowing in losses.

 

The company noted an increase in R&D investment drove the increase.

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