Himax (HIMX) Boosts Q1 Revs, GAAP EPS Outlook
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Himax Technologies, Inc. (Nasdaq: HIMX) expects its first quarter revenues, gross margin and EPS to exceed the Company's previously announced guidance on February 13, 2012.
Himax is revising its first quarter revenue guidance to $166.7 million, exceeding its initial guidance which projected revenues to decline by mid-single-digit percentage versus $169.2 million in the fourth quarter of 2011.
Gross margin is now expected to be around 22.9%, as compared to previous guidance of flat or down slightly from the 22.1% in the fourth quarter 2011.
GAAP EPS is now expected to be around $0.066, as compared to initial guidance of $0.03 to $0.04.
The Street was modeling revs of $161.9 million and EPS of 5 cents.
Himax is revising its first quarter revenue guidance to $166.7 million, exceeding its initial guidance which projected revenues to decline by mid-single-digit percentage versus $169.2 million in the fourth quarter of 2011.
Gross margin is now expected to be around 22.9%, as compared to previous guidance of flat or down slightly from the 22.1% in the fourth quarter 2011.
GAAP EPS is now expected to be around $0.066, as compared to initial guidance of $0.03 to $0.04.
The Street was modeling revs of $161.9 million and EPS of 5 cents.
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