Luminex (LMNX) Reiterated at Neutral

We reaffirm our Neutral recommendation on Luminex Corporation (LMNX) after assessing the company’s second-quarter fiscal 2010 results. The company produced a mixed bag in the quarter with profit plunging 27% year over year on account of higher costs and taxes. Adjusted earnings missed the Zacks Consensus Estimate by 3 cents. On a positive note, solid [...]