Luttinger semimetals have quadratic band crossings at the Brillouin zone-center in three spatial dimensions. Coulomb interactions in a model that describes these systems stabilize a non-trivial fixed point associated with a non-Fermi liquid state, also known as the Luttinger-Abrikosov-Beneslavskii phase. We calculate the optical conductivity σ(ω) and the dc conductivity σ dc (T ) of this phase by means of the Kubo formula and the Mori-Zwanzig memory matrix method, respectively. Interestingly, we find that σ(ω), as a function of the frequency ω of an applied ac electric field, is characterized by a small violation of the hyperscaling property in the clean limit, which is in marked contrast to the low-energy effective theories that possess Dirac quasiparticles in the excitation spectrum and obey hyperscaling. Furthermore, the effects of weak short-ranged disorder on the temperature-dependence of σ dc (T ) give rise to a much stronger power-law suppression at low temperatures compared to the clean limit. Our findings demonstrate that these disordered systems are actually power-law insulators. Our theoretical results agree qualitatively with the data from recent experiments performed on Luttinger semimetal compounds like the pyrochlore iridates 2Ir2O7 ]. Contents References 9 A. d a -function algebra 10 B. Two-Loop Contributions to the current-current correlators 11 1. Self-energy corrections 11 2. Vertex-like corrections 12 C. Two-loop contributions to the current-momentum susceptibility 12