Himax Technologies (HIMX) Tops Q1 EPS by 1c; Offers Confident Q2 Outlook
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Himax Technologies, Inc. Reports First Quarter 2016 Financial Results and Provides Second Quarter 2016 Guidance
May 12, 2016 5:00 AM EDTÂ Company Meets Q1 Revenue Guidance, Beats Gross Margin and EPS GuidanceÂ
Provides Q2 2016 Guidance Revenue to Increase 7.5 to 12.5% Sequentially, Gross Margin to be Around 26% and GAAP EPS to be 8.5 to 10.5 Cents
Net revenue for the quarter increased 1.3% sequentially to $180.3 million, meeting previously issued Company guidance. Net revenue was affected by the delayed shipments from the Tainan earthquake on February 6th, without it, the Company would have beat its revenue guidance. Compared to the previous quarter, large-sized panel driver sales increased 5.8%, leading display... More