Himax Technologies, Inc. Reports Second Quarter 2019 Financial Results and Provides Third Quarter 2019 Guidance
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Himax Technologies (HIMX) Tops Q2 EPS by 0.2c; Offers Q3 EPS Guidance Below Consensus
August 8, 2019 6:25 AM EDTHimax Technologies (NASDAQ: HIMX) reported Q2 EPS of ($0.028), $0.00 better than the analyst estimate of ($0.03). Revenue for the quarter came in at $169.3 million versus the consensus estimate of $170.25 million.
Q2 revenue increased 3.7% sequentially to $169.3M, in line with the Companys guidanceProduct sales: large driver ICs, 35.0% of revenue, down 15.3% QoQ; small and medium-sized driver ICs, 48.3% of revenue, up 20.9% QoQ; non-driver products, 16.7% of revenue, up 9.8% QoQQ2 IFRS gross margin was 19.5%, down 310bps sequentially, due to less favorable product mixQ2 IFRS loss was $5.2M, or 3.0 cents per diluted ADS,... More