Baird Starts Himax Technologies (HIMX) at Outperform
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Himax Technologies, Inc. Reports Third Quarter 2015 Financial Results and Provides Fourth Quarter 2015 Guidance
November 12, 2015 5:00 AM ESTCompany Exceeds Q3 Revenue, Meets Gross Margin and EPS Guidance Provides Fourth Quarter 2015 Guidance Revenue to Be Flat to 5% Up Sequentially, Gross Margin to Be Flat to Slightly Up, and GAAP EPS per ADS to Be 1.0 to 3.0 Cents
Net revenue decreased 2.1% sequentially to $165.6 million, exceeding guidance. Gross margin for the quarter came in at 21.8%, a sequential decrease of 200 bpts. Large-sized panel driver sales represented 30.5% of total revenue in Q3 2015, while small and medium-sized panel driver sales... More