Himax Technologies, Inc. Reports Second Quarter 2018 Financial Results and Provides Third Quarter 2018 Guidance
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Himax (HIMX) PT Lowered to $8 at Lake Street Capital
August 9, 2018 12:21 PM EDTLake Street Capital Markets lowers its price target on Himax Technologies (NASDAQ: HIMX) to $8.00 while maintaining a Buy rating following results.
For an analyst ratings summary and ratings history on Himax Technologies click here. For more ratings news on Himax Technologies click here.
Shares of Himax Technologies closed at $6.61 yesterday.
... MoreHimax Technologies (HIMX) Tops Q2 EPS by 0.3c; Offers 3Q EPS Guidance Below Consensus
August 9, 2018 6:16 AM EDTHimax Technologies (NASDAQ: HIMX) reported Q2 EPS of $0.013, $0.00 better than the analyst estimate of $0.01. Revenue for the quarter came in at $181.4 million versus the consensus estimate of $181.6 million.
Q2 revenue increased 11.4% QoQ to $181.4M, came in at the mid-point of the Companys guidance
Product sales: large driver ICs, 33.4% of revenue, up 2.2% QoQ; small and medium-sized driver ICs, 49.2% of revenue, up 24.5% QoQ; non-driver products, 17.4% of revenue, down 1.1% QoQQ2 IFRS gross margin was 23%, up 50 bps sequentially due to improved product mixQ2 IFRS profit was $2.0M, or 1.2 cents per... More