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Luminex Third-Quarter Bead Array Revenues Exceed Expectations Partnerships Add Up

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The Austin, Texas-based company, which derives revenues largely through partnering with other companies that develop applications for its bead arrays, said in a statement that revenues for the quarter ended Sept. 30 would be about $6.2 million, exceeding the $6.1 million offered by an analysts’ consensus estimate.

The company, which plans to report its results after the market closes on Friday, had been expected to lose between 16 cents and 19 cents per share in the third quarter, according to a survey of five analysts by Thomson Financial/First Call. Their consensus forecast was a loss of 18 cents.

Luminex manufactures LabMap technology, in which molecular probes can attach to plastic beads. The company has amassed over 29 development and revenue-sharing agreements so far.

— MMJ

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