Himax Technologies, Inc. Reports Second Quarter 2017 Financial Results and Provides Third Quarter 2017 Guidance
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Himax Technologies (HIMX) Posts In-Line EPS, Sales Misses; Guides Q3 EPS In-Line
August 3, 2017 6:00 AM EDTHimax Technologies (NASDAQ: HIMX) reported Q2 EPS of $0.004, in-line with the analyst estimate of $0.00. Revenue for the quarter came in at $151.7 million versus the consensus estimate of $153.66 million.
GUIDANCE:
Himax Technologies sees Q3 2017 EPS of $0.03-$0.04, versus the consensus of $0.04.
The second quarter revenues of $151.7 million represented a decrease of 2.2% sequentially and a decrease of 24.5% year-over-year. Despite the decline in the first half in our business, we expect a strong recovery in driver ICs segment and exciting opportunities in the non-driver segments over the remainder of 2017 and beyond. We... More
