Himax Technologies, Inc. Reports Third Quarter 2019 Financial Results and Provides Fourth Quarter 2019 Guidance
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Himax Technologies (HIMX) Reports In-Line Q3 EPS, Revenues Beat; Offers Q4 EPS Guidance Above Consensus
November 7, 2019 5:54 AM ESTHimax Technologies (NASDAQ: HIMX) reported Q3 EPS of ($0.04), in-line with the analyst estimate of ($0.04). Revenue for the quarter came in at $164.3 million versus the consensus estimate of $158.63 million.
Company Meets Q3 2019 Revenue, Gross Margin and EPS GuidanceQ3 revenue decreased 3.0% sequentially to $164.3M, in line with the Companys guidanceProduct sales: large driver ICs, 30.5% of revenue, down 15.6% QoQ; small and medium-sized driver ICs, 46.9% of revenue, down 5.6% QoQ; non-driver products, 22.6% of revenue, up 31.1% QoQQ3 IFRS gross margin was 19.5%, flat sequentiallyQ3 IFRS loss was $7.2M, or 4.2... More