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Biotech / Medical : Luminex LMNX

LMNX 36.55

-3.2%

Jan 9 9:30 AM EST

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To: tuck who wrote (6)	4/1/2002 7:14:57 PM
From: mopgcw	Read Replies (1) of 11

Luminex Puts 1Q Below Earlier Guidance DOW JONES NEWSWIRES AUSTIN, Texas -- Luminex Corp. (LMNX) expects that first-quarter financial results will be "significantly" below its prior guidance due to continued delays in the commercialization timetables of its customers. Based on preliminary results, the maker of biological testing technologies expects a wider-than-expected first-quarter loss of 20 cents to 23 cents a share on revenue of $2.2 million to $2.7 million. In a press release Monday, Luminex said its revenue continues to be hurt by the lengthy and unpredictable sales cycle for its instruments and consumable products. A Thomson Financial/First Call survey of seven analysts produced a mean loss estimate of 17 cents a share, while two analysts surveyed produced a consensus revenue estimate of $4.55 million. The company's shares were halted for news at $11.44 on the Nasdaq National Market.

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